Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

To answer your question directly: a person should apply (whatever that means in your process) before being asked to screen.

I've personally done just about every rehab scenario, properties I've lived in, properties bought as investments and even properties bought at auction.You've gotten good advice from folks on this list.

No personal income or tax returns are required.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

What types of IRS/CPA approved payments are working well for rents to LLC entities to keep personal and business funds from co-mingling? 

The lower barrier to entry would be excellent for my personally smaller net worth.

Probably not a good person to hire, maybe let your bosses know. 

Personal raise How did you add value to the deal?