My purpose behind my decision to pursue REI is to gain financial freedom for wife and I, my future family as well as have the ability to make sure my parents are well taken care of once they reach the retirement age.If I had to label myself I’d want to be known as an open minded rental investor for all long term, mid term and short term investing, with the occasional flip for quicker capitol to put back into another rental.

I am afraid we will fall for a property with a false sense of a good deal.Are there any suggestions to help me run an analysis that would better account for the larger down payment and allow me to better analyze potential properties in the future.

Any other ideas for the best corporate structure for this planned endeavor?

Don’t miss out on other investment opportunities to speculate on future rates.

One thing we, as humans, are consistently bad at is predicting the future - especially when it comes to political and economic shifts. 

Ensure the property appraises at its updated post-renovation value to maximize the equity you can pull out.A refinance isn’t a taxable event, but transferring ownership to your LLC may affect depreciation or future capital gains.

Validate zoning, potential special or use variance, future zoning map, neighboring zoning.  

After this first project, I'll have a better vision for the future.

You can use this tool to estimate future property taxes: https://treas-secure.state.mi.us/ptestimator/ptestimator.asp

This is something I will have to keep in mind for myself in the future.