Also you have no expense for insurance, or utilities, and your repair budget seems a bit low.

@Abi Wegman it ensures the trash company gets paid but it can be included in the terms of the lease just like all other utilities here. 

Hi Kevin, I have seen a lot of people utilizing bandit signs, but will want to know what the city / county rules are for bandit signs.

Tenants pay all utilities except landscaping, plowing, taxes($22,600 yearly) and house insuranceThe rental income is total $6,550 a month currently based on financials provided by seller agent.

I utilize trusts and PTY LTD companies in Australia as well as LLC's in the US, but the structure to use can also depend on the deal. 

The business is currently occupying the property would continue to be responsible for all maintenance, taxes, utilities, etc. 

I'd have to double check but I believe only once so far we've utilized a commercial note (shorter term and some language allowing a lender to use discretion, balloon terms, etc) and it was only briefly. 

Or, if I should keep the VA loan in place and utilize an FHA loan for the 2nd go around. 

Now they are my go to and I utilize them frequently in the commercial buildings I manage.

I have an idea...and maybe a CPA or some other knowledgeable tax expert can help on this......so here's my idea:I want to start paying all our regular ongoing bills and utilities with money straight from the LLC rental income....cell phones (we use our phones for mostly work anyway), electric bill, internet, water, etc etc....I'm thinking of making a lease where my business rents the home office space from me and my wife, and the rent is roughly equal to the utility payments, or just have that on the lease..."