I am using Zillow to collect rent payments. 

You posted the raw data, just go one layer deeper to get to % returns to confirm your purchase price in relation to your expected return/profit/cashflow:$5,500 + $3,000 = $8,500/mo or $102k/yr GOI (gross annual rent collected)Knock off 25% for expenses and you are at $71k/yr or $5.9k/mo NOI on this $1.05M investment or holding this at a 6.8% cap rateWith your 7%, 75% LTV loan, you'd be paying $5k/mo for the loan, leaving you with $900/mo or $10.8k/yr in Cashflow.Now to determine your CoC return (Cash-on-Cash), take the $10.8k in CF and divide it by your equity-in, likely ~$300k, so 3.6% return on your cash/equity in this deal.

I would use a company versed in this process to manage the operations of the LLC and collect the rents/operating costs for the owners. 

I receive foreign income where that country collects taxes and I need to report this information on my taxes to have the credit apply

The singer’s collection of wines comes to stores next month with a peaches/cream chardonnay (food dive).Bonus - A Nashville native broke the 100M butterfly world record at the U.S.

I have a STR property that is in a FL land trust and I set up an LLC to property manage this property (collect rents, etc).  

The idea is to simply not own anything in your name, but control everything, and making it very difficult to collect a judgment.

I think in Indiana if you want to collect any damages over $1,500 you will need to get a lawyer.

I look forward to engaging with this wonderful community and learning from your collective wisdom.Best regards,Daniel Ramirez

And you are right most money manager types won't advise you to hold RE because that is out of their control and they cannot collect fees under management.