Other STRs in the area of smaller size have reported earning potential up to $3k per month. 

A counter would be the disposal was broken regardless of whether or not they reported it.

I have several police reports also.

They didn't have access to BiggerPockets where they could learn how to calculate cash-on-cash, ROI, ROE, or print reports with colorful charts and graphs.Earn money.

Although, there are costs associated with forming and maintaining an LLC, such as state filing fees and annual reports that are to be noted. 

Even with conventional loans, unless you've been self-employed less than two years or don't report your income, it's the same as someone with W-2 employment We lenders just cash-flow you differently.

View report*This link comes directly from our calculators, based on information input by the member who posted.

And also attach move-out inspection report?

Good luck "By the way I believe you can succeed in both markets (high cash flow/low appreciation & low cash flow/high appreciation) but best odds are if you are intimate with the market."100% agreed and there are many ways to skin a cat (Sorry to the animal activists) hahaHaving the intimate market knowledge as you mention and an end goal will keep an investor on the path forward.Time is a beautiful teacher and will eventually reveal what strategy was best.Much success

Rates are similar, you can get interest only payments so your monthly payment is lower, and the loan doesn't go on your credit report so you can continue to invest in other properties without running into DTI issues.