@Marysue Connelly, without treading too far down the tax advice path I'll just say that there are a few gajillion disregarded LLC entities operating in the United States right now.   

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

This can be a 401(k), IRA, Roth IRA, SEP, SIMPLE, HSA, ESA.

You can direct how you want this to happen and how often in your operating agreement. 

Operating income minus expenses (net operating income) is what that property is capable of producing for an investor. 

So here's another question,  With auto pay set up let's say one tenant decided not to pay, Is it as simple as calling the bank and cancelling auto pay until you get the rent squared away again?

If something bothers you about them as a tenant it's simple.

I’d do the the basics yourself if you can but beyond that typically AC units are simple to fix and not super expensive

Don't waste the money. 2) The laws in Arizona regarding Subject To and Wraps are very simple "don't cheat people & tell the truth" 3) The paperwork is simpler than it appears. 4) You have to have money to do Subject Tos and Wraps.

They are a veteran owned and operated company here in the Springs, and they work a lot with refinancing and equity loans!