Get a free google voice number or if you want something more sophisticated, look at Grasshopper, Railcall, etc.

Anyone more sophisticated than I in this have any input for us?

Of course, you could operate as a sole proprietor (which is what you’re effectively doing now) under a DBA and get an FEIN to use on a 1099 instead.Tax considerationsProbably the best benefit is to be able to avoid payroll taxes on a percent of your income by paying dividends under an S-Corporation.

Self-employment income taxes are the payroll taxes (FICA and Medicare taxes) that you and your employer pay with the withholdings from your paycheck.  

The rules are more amenable to people with active businesses (payroll, expenses, etc...) than investors.

The most sophisticated approach is to calculate IRR as @Ben Leybovich mentioned.

There is a learning curve to everything, hopefully others can touch on that as well.Another thought too, SS, due to the players involved, seems to require a level of sophistication of those doing such deals, a newbie might have a problem relating to the bank SS depatment.

Easy to read and understand, I found this book was perfect for introductions into the Real Estate Investing game but you'll have to seek further sophisticated knowledge as you begin to search for and close deals.

Finally, some of your expenses look too low, specifically pay roll and R&M. 

You get charged for a lot of BS expenses and since you're not there, it's hard to fight that battle on an ongoing basis.We're mostly acquiring in Texas and the Southern States because of the laws are investor friendly, you get economies of scale with bigger properties, can structure better lending and have access to better (IMO) property management with more sophisticated reports and tools.Also, hope you know how the tax structure works for cross-border transactions.