Some states also require an annual license fee to own and operate an LLC so that could also cause a potential for increased costs there as well.I would consult with a real estate attorney to see if an LLC makes sense from a legal standpoint and advise your accountant as to your decision so the appropriate tax filings can be made. 

U know like banks that have long lost accounts.. escrow money that is refunded and cant find the borrower ( this happened to me personally LOL)  those funds go to the transportation department at the state.. so who could figure that out with out a little digging. 

We plan to personally lease the unit to a newly created LLC and run direct expenses through a separate bank account in the LLC name. 

In the 10 year process new construction exit prices were 350K- 420K during 2016-2017, by 2019, 499K-520k were starting to move. 5 years later ( accounting for COVID and mortgage rate changes) prices are up around 650-800K in the same area. 

Some apps connect with your financial accounts and automatically calculate your net worth.

That includes all the required state filings, Tax ID, documents for opening a bank account, etc.

As others have said, if it makes sense, buy it, have enough reserves and don't worry about what hasn't happened yet.If it makes you feel better, if the dollar goes to crap, the saving account you have won't be worth anything anyways. 

They should be doing a load calculation, taking into account insulation and window type if I'm recalling how it works properly. 

If this is the case, and your LLC has made at least 12-month's mortgage payments for properties owned by your LLC out of a business bank account, Fannie Mae allows the mortgage liabilities to be excluded from your personal DTI, but any positive rental income cannot be used to help your DTI. 

My concern is my bank account doesn't show that currently (I do have the paystubs to back it up).