Some will cut LTV if the property is going to be an Air BnB/ STR and some lenders don't mind.2.

Hire the right attorney for the type of LLC you need, or don't bother with an LLC at all.   

If you hire an agent, recommend you still process applications and do your own screening to avoid conflict of interest issues.If you hire a PMC, make sure you ask a LOT of questions about their screening procedures, to make sure you get a tenant you want.

Either get a property manager to take over, hire a lawyer or get an education.It literally took me less than 5 minutes to search the KS Attorney General website for any law saying you can't do this.

This involves additional registration fees, annual reports, and possibly hiring a registered agent in the state where the property is located.6.

Let me explain that better, imagine your rehab is $100k, you would need to do part of the rehab, maybe $10k, and then you can get the funds for those first $10k reimbursed so you can keep progressing with the rehab.Given your experience, I would recommend you start with a moderate or light rehab, mostly cosmetic work so that you can do it yourself and won't get your profit decreased by hiring third parties.

We ask them to provide an air quality test done by a licensed company IF we do not see visual evidence. 

The taxable income from the LLC passes through to your personal tax return via a IRS Schedule K-1 and you include the income / loss on your personal return. 

@Sri VoodiAs long as you do none of the work on the property and hire a contractor - that’s one caveat to make sure you are compliant

Or as my wife likes to call it: "man-sitting"Contractors unwilling to execute on what you hired them for (I.e. current flip, cabinet installers were supposed to put up fill and crown.