When the market turns, we'll simply stroke a check off our line and purchase in cash.

Passive, simply earning a return on investment. 

Better yet, if your garage door has windows, simply frame around that and save serious cash on window installation.

If you have proof it was on that means it came off sometime between then and now and you should simply fix it at your cost. 

Lawyer stated if anything happens they would be on the hookAgain, totally irrelevant...title insurance simply insures there are no defects/claims with the Title/ownership of the actual real estate.

I'm not sure what the benefit would be to have a long term and both term rental both, over having the same of each- it seems like you would have more PM overhead than would be worth it as usually PM's for STR cost more  than long term rental PMs- there's simply more work involved. 

You'll get people that never leave them because they are afraid they're calling DNC lists and will get in trouble and you'll get people that always drop one because they might get a call back.When I'm calling homeowners I do leave a VM and the best for me is simply, "Hi, my name is ______ . 

How much money should I have saved before entering real estate?

Can I simply receive funds from a private money lender transferred directly into our business bank account?

As far as I'm aware, appliances being included in a rental are simply just to encourage an applicant to lease the property; appliances are not required per-say.As far as "expectations" are concerned, I would say your list is reasonable as to what I typically suggest having available for a rental as they will sustain wear and tear better long-term that providing laundry or counter appliances.Best of luck to you!!