There are a multitude of questions... 

I wouldnt make it so low, that by the time the agent splits the comission with her broker that she isnt making enough money to be worth her time.I personally would rather pay an agent to handle a first time home buyers multitude of questions and concerns, as well, as schedule apprasials inspections, financing issues etcI have paid the 3% numerous times to agents that brought buyers before a house was listed.  

There are a multitude of ways you can own property in the U.S.A.: directly in your name; within a U.S.A. incorporated entity; via an JV/partnership; directly in the name of a Canadian corporation; or through a 'child' entity in the U.S.A. owned by a Canadian corporation. 

If you have the property claimed on the tax returns the underwriter will most likely use the income "calculation," that shows up on the tax return or the above 75% of gross formula if there is limited history on the tax returns.Regarding stress tests, they can be done with a multitude of factors to ensure the loan will be conservative enough varying from: lower occupancy, market rents decline, a higher debt service/mtg payment, adding in additional costs like prop mgmt, repairs, cap X reserves, etc.

They are very professional and we are confident they would be at least as good as other managers.I find it a little refreshing to not have the multitude of different fees.

In Miami there is a multitude of people who want to rent a place for 1 month (when the ad clearly says 12 month lease).

The police won't bust in your windows the day after it expires but for a multitude of reasons you should work to have it in place ASAP to cover your bases.Also- L&I is in the process of instituting a 1.5% monthly penalty for expired licenses as well.

Specific neighborhoods like Rose Park, Poly High, and Willmore (to name a few) have a multitude of 2-4 units that could potentially give you some elements of return almost immediately.

Based on the multitude of red flags that you have told us about.....common sense says to run from this.

In the end, Quickbooks would be able to print you a multitude of financial statement reports, including ones telling you how profitable your property is.