Assuming it doesn't conflict with your main job, having a second job like this is another way to increase your income.

Mainly because when using an LLC one can still be named as a defendant personally, because its a “pass through” entity.

You need to figure out your community, if there are a lot of growing families, 2 and 3 bed units will be more attractive.

MAIN QUESTION (1 & 2):1) Besides due-diligence...what would your first moves be in establishing yourselves as the new owner (learned not introduce myself as the owner but rather property manager)?

Since I mainly chose JIRA because I was already familiar with it, I didn't really explore alternatives.How do you all keep track of your information, and how has it been working for you?

I am sure someone is going to make a cash offer that is attractive. 

This is the main thing I wanted to find out.

The address will be like 123 Main St #362, Anytown, ST, 12345. 

I know this deal is not so good as the CACROI is very low but my main interest is if my numbers/formulas are correct.

I am still trying to decide which route to take, so any input would be greatly appreciated on your personal experiences, BUT my main question is this, and forgive me if it is a silly one - Can you get pre-approval through these loans (to ultimately find out how much I can borrow) without having a specific house for them to look at?