I own the property free and clear so the only annual deductions have been maintenance, repairs, taxes, depreciation. 

What if annual tax payments were made to keep it from going back to auction?

It can be a complicated structure and you need to make sure you're doing compliance on each llC and filing the property documents quarterly and annually.

I can provide some real numbers for you, would love your opinion:purchase price: $1,000,000Loan Term: 20 yrsLoan Rate: 0%Rent: $36000 annual, no rent increases over time.Other factors: * Potential to agree for tenant to pay for any maintenance fixes < $10k, landlord to pay for any > $10k* Tenant intends to stay in the condo for 15 yrsLet me know what other info would be helpful.

So far, not a single call.From everything I've read from REALTORS and investors, you have to create an annual budget and stick with it for six months to a couple years before it starts to pay off.

These lone wolf GCs who spent the 100 for the GC license, they are like bear traps. 

I invested in ODC Sunbelt Diversified Porfilio and after 2 years received 1.5 annually for 3 months.

For a typical duplex or triplex, insurance can range from $1,500 to $3,000 annually, with flood insurance adding $600 to $2,000+.I’d suggest starting with a thorough market analysis to get a better understanding of the neighborhoods you're interested in.

Doing this will increase the projected annual revenue from approx. $52,000 to $80,000. 

For repairs I cap it at my annual average over the life of the property.