My part time gig is as an associate appraiser for Miller Appraisal and Realty, which has provided me with some basic knowledge for valuing properties- but not necessarily investing in them. 

Basically any active income side hustle I do like consulting, wholesaling, self-incumbering a free and clear, lending, etc all go through my scorp which owns nothing.  

The mortgage for this property is under own names due to favorable interest rates and a lower down payment.Additionally a bit of background info, before purchasing this property, we set up an LLC with a basic operating agreement.

There are no washers or dryers on the premises (might be worth adding coin-op washers in the future).Property condition: The garage is in complete disrepair, basically functions as a carport at best right now.

From what I've read you have to basically pay double on rental properties.

Subflooring up basically.

Basically it means you have to have a net worth of $1 million (minus your primary residence) or make $200,000 a year for the past two years.All well and good.

While it is true the properties definitely are not in the best condition (not unlivable but not brand new) and our timeline/budget isn’t conducive right now to a full rehab, what I find the most concerning is the agent is basically telling us this area is a bad place for investors.

Im seeking basic info on what you might offer an investor on buy/hold rental properties.

Most likely your property should be categorized for one of these.You should definitely find a competent CPA and have him or her solve the issue but I highly recommend you to study at least basics about not only depreciation expense but also accounting / bookkeeping for real estate / property management.