There will be more leads.As long as you are following protocol and using the proper documentation, I don't know of a legitimate reason (i.e., non-frivolous) why you would end up in court.

Ask the PM to send you their documentation on potential tenants so you can have final approval.  

., an LLC/business entity could be very beneficial.

If she is not a party on the Note (the debt), she will still have to sign the Mortgage (the document pledging the house as security for the debt). 

That is beneficial as well. 

Even a skilled real estate investor can get themselves in trouble, and sometimes solely because they prepared their own documents.  

If they end up appreciating a bit, great that can be a bonus, but for the most part I just want solid middle of the road cash flow investments that will be beneficial over time and just want to make sure I don't do something stupid over 6K in the mean time - Pennies wise, pound foolish indeed

@RichardHave you asked your investor what he would like to see as documentation behind your plan?  

http://www.com.state.oh.us/documents/real_Salesper...

That said if you ask enough people you will eventually get a yes but it might not be beneficial for either party involved either...