If the goal is for asset protection then you would want to form a LLC and subsidiaries if you have more properties.

Better, form a club on your own and stand in the path of deals.

If you want to keep your privacy then form a "land Trust" to hold the property in and make the beneficiary your LLC. 

The pro forma has this bringing in $44k a month.

Rent control can be a real deal killer - most listing agents love to use the pro forma rents (market rents) even when their true rents are 50% of market.

You buy on pro forma, but you borrow on actuals.

-NOI (past 2-years if available)-Vacancy %-Repairs needed-Pro forma-CAP Rate (something around 4-5% is what you recommend?)

Please msg me if you are an FS student and would like to form a community of like minded individuals in the same journey and share your experiences with the process/teams etc. 

Before I complete a pending sale of the property, I would like to form a Wyoming single member LLC and place the property interest in the new LLC.

High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06%