It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

If you are going to sell then you must understand the tax implications. 

We can close under a personal name, but most chose the LLC option.

@Timothy FinneyWelcome to BP!

Furthermore if they are always paying they probably will stiff you in the end if they know they aren't going to get the deposit back. 

And will you be utilizing property management firms to help out? 

Hi hive,I am new to investing and trying to learn from the different options out there.

What was the quality like compared to local options?

I am pretty sure you can not do a 1031 and use the proceeds to do anything to a primary residence.

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.