I'm with a brokerage that specializes in single family and small multifamily and have personally house hacked twice in Reno. 

Personal financing How did you add value to the deal?

Personally, I'd prefer to use that money payment on a fix and flip, or for marketing expenses to find that next deal.So here's what my wife and I did.

1. probably the easiest and least complex options - also should not be really any more cost than opening a single member entity tbh...ensure that dissolution clauses are properly drafted for you both being on title2. for one rental property, this is overkill (although there are many people that will say you need to do this...the maintenance and cost of a trust for one rental property is likely not profitable) 3. personal name with good insurance policy if you're worried about liabilityHappy to go over ideas.

You can make this election at the same time you file your taxes by filing Form 1120S, attaching Form 2533 and submitting along with your personal tax return

Your cleaning person should also let you know if you are short or need supplies (i.e. toilet paper, soap,etc) or if anything is broken or missing.I would create a checklist for the cleaning person of what they need  to clean every day, what needs cleaning once a week, and what needs cleaning once a month. 

I appreciate the varying advice people have given me already as it showcases their personalities, risk tolerance, and values.

I personally love investing in NJ because 1) google says not to, and 2) I know the answers to my questions I just asked.To each their own and I wish you a ton of success!

There are some large FB groups for Indy and the suburbs, I would check them out and they will lead you to the in person REIA

I can refer you to his law / accounting firm, if you like.