Taxes and insurance will be another $400+.

It can be done ethically, but you need safeguards to confirm mortgage & possibly property tax payments made on-time, as well as insurance with you protected.- Also, you need a legal way to take back the deed if buyer defaults!

Have also used list source and prop stream before but the data they provide is very similar to what I pull off the tax records through CRS Tax. 

To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws. 

Is the option government supplied insurance where taxes supplement the insurance?  

It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. it's a estimate to tell you what properties to analyze vs ignoreyou can see the are pockets of negative returns as well as pockets of positive return. this is to supplement the data @Devin Conley provided

At a 37% tax rate, this creates around $117k in tax savings, reducing your taxable income from $700k to $583k.2.

If you would like to show your tax returns or w2s then I can put you in a conventional loan because we are a conventional lender also.

Is it tax smart? 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.