I have a main company, that owns a bunch of LLCs, each LLC holds a single real estate asset. 1 of the LLC also acts as a management company for the entire portfolio.Now it creates a problems that with each LLC, I need to file a tax return each year. and so far I am doing them by excel copying numbers from bank statement, which is a nightmare.Quickbook online charges $24 each month in Canada, which really adds up with the number of holding LLCs. and I don't feel like what I require from it justify the cost.

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I have the lead paint and Seller disclosure forms and am familiar with an Ohio contract but not sure if there are any specifics required in the state of MI.  

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

But last I check their requirements for LTV/DSCR was very strict.   

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I have some rentals that are condos that I love beecause they require nothing.

The US taxes global income which dramatically increases the reporting requirements.

As you mentioned, the IRS requires distributions (RMDs) so they can get their money in a timely manner.

Most, if not all DSCR lenders require first and sole lien position with their refinances.