I think that is a 600%+ increase over 27 years to its current price of $1,450,000.https://www.zillow.com/homedetails/350-E-Orange-Grove-Blvd-P...

Do you think you’ll make more with the family after you pay for e extra utilities and wear and tear?

The PG&E bill was $1,200 last month.

  " this means that the lender is looking at our tax returns  then (eg, the schedule E) of income and expenses..

You normally report your rental income and expenses on Form 1040 or 1040-SR, Schedule E, Part I, when you do your taxes.* What do I do to ensure that my property is safe legally from any lawsuits?

Quote from @Scott E.: Nothing inconsiderate about this as long as you are planning to follow through and actually buy some of these deals.If you've already dialed in your buy box then you're probably only sending them to properties that you are likely to write an offer on (the right location, the right condition, the right bedroom count, the right lot size, the right amount of bedrooms, etc).That makes sense, yes I have a pretty small buy box anyway so there's not a ton I'd need them to see - only about 50 match my criteria to begin with and that's before I rule out the ones where the numbers won't work 

Does anyone know what you have to do on a tax return if the assets were incorrectly entered for a rental unit that actually belongs on another rental unit?  The owner is selling one of the rentals and the assets are i...

You get that back if you sell, but if you keep it as a rental it takes 153 months or 5 years to break even on your down payment alone.https://www.redfin.com/IN/Indianapolis/1515-E-Kessler-Blvd-Dr-46220/home/66981054ARV / Sell Price$235,000We Calculate All CostsPurchase Price$152,750 65%Closing Costs$2,000Rehab$30,0006 Months Carrying Costs$9,114Real Estate Selling Costs$14,1006%Other$0Other$0Total Rehab Costs$207,964Now We Calculate ProfitARV / Sell Price$235,000Total Rehab Costs$207,964Gross Profit$27,036IRS Tax$4,05515%Net Profit$22,981Per month profit$3,8306Loan Down Payment$30,55020%Loan Amount$122,200 80%Loan Cost per rmonthPrincipal & Interest$8137%Prop Taxes$321Insurance$168HOA Fees$0Monthly Payment Costs$1,302Monthly Payment 1$1,302Monthly Payment 2$1,302Monthly Payment 3$1,302Monthly Payment 4$1,302Monthly Payment 5$1,302Monthly Payment 6$1,302Utilities for 6 months$1,302Total for 6 Months$9,114

Do I still file the rental income/expenses under the LLC (Form 1065) which will then pass through and depreciation on schedule E? 

Looking at a current listing in Austin (MLS number 5473496), this is 3503 E 17th St, Unit B4.