Based on your numbers:Total Investment = $272KAnnual NOI = $10,600Cash-on-Cash Return = $10,600 ÷ $272,000 = 3.9%A 3.9% CoC return is on the lower end for a long-term rental, but if you factor in 3% appreciation, your total return improves.

Lenders typically look at your full tax return (Form 1040) with Schedule C (for self-employment income) or Schedule E (for rental income) to verify income.To qualify for a home loan, banks generally require:At least two years of reported self-employment income.Tax returns, bank statements, and possibly profit & loss statements.A solid debt-to-income (DTI) ratio to ensure you can handle mortgage payments.If you’re newly self-employed and don’t have two years of tax returns, you may need to look into bank statement loans, which some lenders offer based on income deposits instead of tax returns.

Even without tax returns, there are a ton of program like CLEAR, CoreLogic, DataTree, etc, that are used to find undisclosed debts and properties. 

Others not including their management fees in returns to enhance returns, lots of questionable ways people calculate returns but many avoid to say "what did the investor actually make". 

They asked me for my tax return but never looked at the s corp where all my income is. 

Now, I have multiple LLCs which each do a tax return. 

Please note that my total rental income for 2024 is ~$15,000 before depreciation and ~$6,000 after.Should I just print the return and manually insert the entire $36,360 into Schedule E into "other" expenses and paper file the return? 

You may not make as big of a return, but the downside is a lot less.

Technically, it means that you do not have to file an Ohio state non-resident tax return. 

I am fortunate to have one who don't expect a return.