A simple LLC should work fine for your purposes (based on your post, I'm not aware of your situation entirely)

Hello my fellow members, as always I post my question with great hope that you help me with your insights.

Originally posted by @Phoebe Hodges-Carter:I want to require my renter to purchase renters insurance and add it as a condition of the lease with any damages to the property to be made payable to the home owner if the tenant is responsible for causing the damage with say a fire or unreported leak, etc.  

I will definitely update this post once I do my taxes with them.

Josh,Thanks for the feedback on your approachSounds like you have a solid plan of attack.If you think of it, would you mind posting the outcome here when the deal is complete. 

For whatever reason, its not talked about enough.Also, checkout my post here of an actual example of where its cheaper to sell, then try to cash out refi:  https://www.biggerpockets.com/forums/48/topics/1169308-equity-rich-need-advice?

Originally posted by @Victoria Torres:And check that previous landlords are actual landlords no some friend pretending to be, it happens.Thank you for that, never can be too sure! 

I am in the lumber/millwork industry so have a good handle on that end of things.I saw in another post it is possible to invest in a duplex for $50K?

BUT... they do an okay job, and I'd rather over pay (within reason) just for the 'ease' of not having to do it myself (even if all i had to do was oversee an independent contractor) and have them do all the coordinations and post the costs to my ledger, etc. etc. etc. ....

Professor Scott Galloway was recently posting on social media "sector dynamics will trump your talent".