Many so-called "income properties" don't produce nearly the kinds of returns we see advertised on the internet. 

Then, when filing your entities, you just paste your FinCEN ID number into the field on the web form.

A few quick items:Red flags / tips:- Seller not willing / able to produce a written lease.

On the other hand, you build wealth by having income producing assets.

Try searching buy house with section 8 voucher in "your state" and see if your states web page pops up with this information.

If you're wondering where to start without much experience, here are a few ideas:Hit the Books (and the Web): There’s a wealth of knowledge out there.

@Dave Foster points out other structures as well with more control, yet still produce attractive passive income. 

I don't know.So for $56,000 dollars down plus (an estimated) $7,500 in closing costs plus another $5000 in furnishings, you get an asset that produces about $500 dollars a month. $68,500 / $500 per month = about 12.4 years to get back the intial investment.  

The articles conclusions MAY be self serving - we need to look closely  to perceive any motivations for WHY the writer is producing the article. 

It is possible to achieve better returns, but this property has already produced outstanding return and requires little effort for this return.Good luck