Hire a bookkeeper?

In setting up your LLC, however you do it, whether directly through the state  or a place like Legal Zoom (which I've heard great things about), I would suggest having an experienced and trusted real estate attorney look over it to ensure that it is structured properly to protect you. 

So I don't see anything wrong with asking them to verify their finances to ensure that they qualify to rent from you. 

What a tax/bookkeeping mess, even if you have a separate acct.  

I would argue, negative value, after you include cost of flight, food, rental car, hotel, time away from work, time away from family, time away from your REAL role in real estate which is finding the next deal.ALL THAT SAID - I think there is huge value in spending time on the ground and building relationships with your team - going out for beers with your agent, your property managers, your project managers/GC/contractors, taking an interest in what they're doing, reviewing their projects, ensuring their goals and ethics are still aligned with yours.  

Scott mentioned, if you lack experience, get an inspection up front so you don't miss something and they can come back when you're done to ensure the buyer will be happy.....home warranties can be worth it in the retail market.Don't tie up money in materials to just sit there, buying an HVAC unit 3 months before it goes in isn't wise, order it, have the supplier hold it, pick up and pay before installation. 

A proforma is a spreadsheet you build for your internal use to ensure the property is economically viable as an investment property.

probably the truth, however if anything you write points to you being obligated on the debt then just know you'll have to abide by those guidelines.They probably found your name on the property title through running a skip tracer to ensure you disclosed all properties that you had an interest in.

This is optimal over foreclosure to help ensure that the borrower does not trash the house at exit.

It is best to ensure you are up to the challenge before embarking down a particular path.Den Mother/Superintendent:  Our rooming house caters to International Students - we rent furnished rooms on month-to-month basis  {we do offer a term lease (academic year) or annual lease as well}.