But the cost of maintaining and filing an entity correctly is much higher and also needs to be considered. 

I have a pretty large capital ready to step into this game,I am in big conflicts either choosing Ohio(Cincinnati/Dayton) or Texas(Houston) for BRRRR method, I read a lot about Ohio, only positive stuff.

At this point since it's after the fact while not totally correct; you may explore adding the missed asset/basis amount as a selling cost to just reduce your gain. 

But based on your prior posts it looks like you are doing the BRRRR method and you would probably rather have a higher LTC.

If you do not do your market research correctly, it doesn't matter how great your list is because you will pull a list in a bad market.

For Airbnb guests, the process differs from the traditional eviction method used for long-term tenants.

You will have to verify those yourselves to ensure you end up with correct operating expenses.Quote from @Andrew Newcomb: Just following up on this in case anyone is still following:I learned about "cap rate" and "cash on cash" metrics in the BP learning articles and watched a couple vids on the BP rental calculator showing how it calcs those metrics for a prop (you have to add the details like loan info, expenses, etc). very cool tool.

With this in mind, if you intend to leverage short-term debt (hard money), it's even more vital that your underwriting is thorough and that you have the correct systems in place to tackle potential issues.

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

I’m having trouble determining the correct monthly rental rate for my property.