All the markets below will offer you essentially the same type of product and returns.Cincinnati, OhioDayton, OhioToledo, OhioYoungstown, OhioCincinnati, OhioMemphis, TennesseeSaint Louis, MissouriIndianapolis, IndianaDetroit, MichiganErie, PennsylvaniaLouisville, KentuckyMilwaukee, WisconsinJackson, MississippiIt's about WHAT and HOW you buy in an area.

But my OO financed mortgage paydown was ~$750/mo and my monthly costs were essentially the same as when I rented. 

The last straw as when a Section 8 Applicant who passed their background check came to the property management office with their full deposit and RFTA paperwork after seeing the property and the PM told them that someone else had already come in with their deposti before them and had signed the lease.

I know some of this is on me because it did end up on the paperwork from the title company as an exception and did not need to be released; however, again, I wasn't at closing, and the seller verbally stated he had paid the loan off.

You are the new landlord and so are responsible to give it back to her and you should have received it from the old landlord when you bought the house, so look at your paperwork of that sale. 

I am confused and I’m not sure how to seal this deal with payment and paperwork.

. ;) What she said, essentially-  NO, moving it into the LLC won't matter (for tax purposes). 

Hi Ryan,Wow parking for 30 dancing Zumba goers must make the street a true zoo(omba).30 friends getting together for dancing for fitness private party at someones house every Sunday after church, is different than using the property as a fitness destination business.It would be smart to ascertain which you have here.Simply telling her, your Sister wants to lose few pounds Zuba-ing--how much does it cost and can you have the join-up paper work for her might tell you what you need to know.

But essentially it’s just you getting your principal pay down in cash monthly instead of having “dead equity”.

You will have to give the tenants the EPA required lead based paint paperwork anyway because its better that testing the whole house.I use mini-splits for HVAC in old houses--the ductwork will not fit through the crawl spaces and attics with all the room additions, so its much cheaper to put in the mini-splits and the tenants love having the individual room controls.For what you are proposing to do, you might as well just buy a vacant lot.