For the DSCR, some lenders require a period of prior investing in order to qualify for that loan, for example one prior year of investing.

@Cody Key I got this email soliciting my business offering 100% financing and 100% rehab which seemed way too good to be true, he also asked for finding fee upfront prior to approval and asked for a utility bill along with the very generic loan app.

So there was a SFH listed for 225k in which the seller relayed that he was willing to take care of all the town inspection requirements if necessary (They conducted a town inspection in April in which it had passed but had now expired so another one was needed prior to closing).

But Non-Farm Productivity was much better than expected at 2.3% vs estimates of 1.5% and it was a big-time gain over the prior reading of -1.7%.

You need reports for taxes:   sum ALL rent collected for the prior year for your prop management s-corp 1099. 

Given this scenario, do others recommend setting up asset protection (LLC, anonymous trust, etc) prior to buying even my first rental property or is this doable after getting started? 

If so, I always recommend getting the study done prior to rehabbing. 

NO Lender is going ot make a loan on a home that is not complete  IE C of O5. if the builder thinks you should close prior to C of O then the builder is an idiot.

We tell them up front that if this happens they need to keep the place clean so we can show it and get it rented prior to their move. 

They send you a monthly update prior to billing to remind you to make any changes.