What I understand from my nascent research is that one should ideally form a legal entity (LLC  etc) to buy any investments to protect personal assets from any lawsuits but I am curious how many actually do that because it comes with an added overhead.

The bank I deal with does commercial mortgages for 15 year adjustable every 5.  

We would at a minimum want to keep the Security Deposit and ideally charge the tenant for the overage.

@Michelle McGinty we are prepared to withdraw from our retirement accounts if needed, but ideally our real estate passive income and other streams of non W2 income we are working to build will be enough to bridge us to the age where we can withdraw from retirement without penalty.

Ideally 3bd, 2ba, over 1000 sqft. 

Eventually, this would be an ideal spot to build a nice home for retirement.I am planning to paint the paneled walls and cabinets, replace hardware on doors/drawers, update flooring.

Ideally, I would like to get them on the phone, but finding phone numbers has been a bit difficult. 

I'm a little triggered by the "SEO vs Social Media" question because of how many business owners I deal with who spread themselves soooooo thin across sooooo many mediums, when they probably should just be focusing on SEO.

Obviously higher the limit with lowest rate is ideal but that's probably something I didn't even need to put here :)My Credit Score is ~750 and my average W2 over past couple years is ~200k.

So, for your case, an SFR property manager isn't ideal (although, if you speak to one, they will probably tell you that they can handle larger properties).