Since there are obvious write-offs for maintenance and management, the tax bite will be minimal.

Your contract can be negotiated to have the Seller pay for some of your closing costs to minimize your out of pocket expenses. 

[Regarding your tax minimization questions, I'll just say: I only recommend Investments that would have you making a PROFIT!

Anyone who tries to guess how to fill in blank lines without knowing/reading the whole agreement is just stabbing in the dark.

I finished each space with minimal upgrades.  

No thank you very much, I hope to spend a bit more time with my kids, plus see 1.I will readily admit that when I went in to this I was looking at how to eliminate or minimize my having to pay for utilities.

What we have found is that when a borrower stops paying and 'goes dark', filing FC is a great way to get their attention.

Wholesale deal, seller went dark on us.  

You can typically transfer the title to the LLC through a title company for minimal fees.  

Typically creditor will lend four times the Veterans basic entitlement ($36,000 * 4 = $144,000) which makes VA loans a minimal risk, working for both the lender and borrower.