However,  to answer the part of your question that can be answered here,  I think Hard Money is proper if you plan to offer one or more of your rehabs as to secure a loan and you credit is suffering. 

I have a client that I am working with here in Boston, but he is interested in a property out of state (Ohio) and they are having trouble securing financing. 

He signed the lease agreement for one year and gave a $600 security deposit.

I hope you kept the security deposit.

The whole point of investing is to make money and INCREASE your financial security. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I had a former CEO insist on using his Gmail over his work email because he trusted Google more than the systems interanlly he was willing to pay for on the email security front.

What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuitsHow familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?

Whenever you pool investors money together, you need to consider securities issues.Maybe you're thinking about the limits that Fannie and Freddie put on borrowers that want to get investment loans on residential property?

Actually a lot of the info you'd get from an operating statement (gross rent, expenses, NOI, etc.) is available on many listing websites like Redfin and realtor.com, albeit not as up to date as the MLS and not always accurate but that goes for all data provided by listings.Regarding MLS access: it is protected carefully with various methods such as keystroke tracking, IP address, simultaneous login etc. and agents can get in a lot of trouble for sharing their login info, which is good because within the massive database is a lot of private info that can be dangerous in the wrong hands like lockbox and security system codes.