Forecast every possibility that could go wrong....I'd consult with a very good attorney and an accountant who specializes in real estate investment as they normally have seen every scenario possible. 

It would be wise to consult an attorney.

Verify these numbers by researching comparable rentals in the area or consulting with a local property management company.Additional considerationsContingency Funds It's wise to have reserves for unexpected expenses during the rehab process or unforseen vacancies.Market Conditions Keep an eye on the Denver market trends.

As always, tax laws in the US are subject to change so it's always best to consult with a tax pro or estate planner for the most current and personalized advice.

I have seen more than a few syndicators underwrite real estate taxes to 80% of purchase price, which this equates to, presumably based on a tax consultants recommendation.Put simply: when the parties disclose the value of the real estate being transferred, they put own 80% of actual purchase price, with the remaining 20% likely going to goodwill or other intangible assets.

It offers more protection overall.I will say that I am not an attorney so I would consult with a real estate attorney who is also an investor.Check out this BP blog by @Scott Smith - https://www.biggerpockets.com/...Lots of info about series LLCs.

Once the sheriff completes the eviction, they can regain possession and ensure the tenant vacates.It's always a good idea to consult with a local attorney to make sure they are fully compliant with Pennsylvania’s landlord-tenant laws.

If you wanted the REP designation in the future, you can have your signficant other qualify and that would allow you to qualify (e.g. a stay at home wife) or you can take a consulting role resulting in the real estate being your full time gig.

You can also find a MTR consultant or someone who operates in the area to help you determine the rent rates, demand, and supply numbers in your market. 

It's always best to consult with a real estate attorney to make sure you're structuring the deal correctly.