I am not a property management company. 

@Kenneth Tiedemann you can use personal account, just be sure to follow your state and local laws about security deposits.If you're parents are living in the home with the tenants, then they are also exempt from most Fair Housing requirements, but you should look into them anyways.You'll want a good lease to protect your parents and to be able to evict if/when necessary.Check their home insurance policy as it probably needs at least a rider to cover renting.

What state and county are you looking?

And what state is this in?

I have gone ahead and filled with my own insurance company.  

Your rental agreement cannot state that the landlord can change the locks so that the tenant is locked out.

On the other hand, there are some cities that might require you to register (pay) your self or company, and also register (pay) for each property with the building department. 

All the companies I interviewed said they prefer a dialer called ReadyMode so I signed up.

While trades like electric and plumbing are licensed here, GC are not licensed by the state. 

If you go the LTR rental route, I would recommend having a professional company do a tenant screening process.