While I'm not a legal professional, here are some general considerations that might help guide your decision:If there are any legal problems pertaining to the property, an LLC might offer an additional degree of protection for your personal assets.

Just to be clearer, I don't mean the method that tenants set up the autopay or Zelle in his bank account, but some method, app or digital platform, that debits the payment from tenant’s bank account at some specific date of each month, and It sends it to my bank account.

You can also download a lease specific to your state through Zillow.

Of course what he’s doing is creating a book of private “listings”, tying them up at a specific price for 90 days, and only closing if he can flip the contract for a higher price to an end buyer.

Figure out your investment style first and then you can ask more specific questions on different ways to achieve that goal.

@John Underwood are you using excel with specific formulas?

For recommendations on mortgage brokers or banks, feel free to send me a private message with any specific questions you have.

I am based in Greater Philadelphia region and worked on a deal the owner sold 75K sq ft self storage and kept 20K sq ft of contractor specific self storage.

Hey Mel, I am an agent and investor in the area and work with a lot of client in the Philly Suburbs.It's tough to say for me without knowing the specific neighborhood and looking at the home to see what is the best solution here. 

But in absence of a SSN, whatever legal action we take mag not result in any meaningful recourse.