Based on this strategy, it would only take about 2.5 years to pay off the $160K.

Quote from @Michell Chase Chase: I registered my LLC in Wyoming and was not told anything to that nature..but my investment property is in NY so I also have to register my WY LLC as a foreign entity LLC in NY as I will be generating income in that state...

Some charge based on account value, others per transaction, and some use a combination of both.

I would deny based on whether they had an outstanding debt/judgement to the prior landlord.

Natural appreciation usually takes holding the property for at least a few years (just depending on what the RE market does going forward).  

From my understanding, based on my experience buying and selling properties in Texas, any known repair or damage—even if resolved—should still be disclosed, along with a note explaining that it was fixed.

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

(If you have not already) read enough books on real estate to increase your knowledge base.

Any marketing should always be based on the information provided by sellers in a deal. 

I don't see that happening any time soon based on your 2022 to now trajectory, but you do want to find a way to make it profitable.