It's crucial to thoroughly research different neighborhoods before making a decision.Regarding cash flow, it's best to set realistic expectations. 

So, make sure the iPostal1 qualifies.FYI: when you do set up an LLC, do NOT use your address or list yourself as the agent for the LLC - defeats the goal of anonymity!

Cash flow will be around 1200.00 before maintenance set-asides.Items of concern are getting to an ARV for appeal due to minor repairs, clean-up, and available cash required to acquire a new place to live.  1.

However, if a unit remains vacant, I recommend setting rent just above the market average — in this case, around $1,800 as you've identified.

I will also set aside cap ex, vacancy, maintenance from the cash flow every month.7.

An ideal bank would  allows one to set aside tenant's deposit money in a separate account that earn decent interest and is landlord friendly.

The company has a points-based system, where members receive a certain amount annually, and they can then bank those points for up to a year and use them to reserve time at various resorts around the world.I have been dragooned into assisting them with defraying timeshare costs by trying to figure out how to rent out the unused points so that they don't go to waste, before I dive into this myself, I wanted to find out if anyone else has experience with vacation rentals with this set-up.

We got money order, then we set up Zelle.

What set up costs are there and what's a typical price range for them?

If you move forward, make sure the LLC is properly set up and operating as a business—especially when it comes to collecting rent and paying the mortgage.Lastly, about taxes—transferring ownership won’t necessarily keep the income off your personal return if you're a single-member LLC, as it's considered a disregarded entity.