With a mortgage, unless you put down significant money, your expenses are going to be a lot higher than 4k for a 4/3 pool home.

Hit me up, let's connect, put a game plan together and I could help target this market with you.

It's far less likely you'll foreclose on someone who puts 20-25% down than 0-5%.Seek out someone with experience to help you, a real estate agent, title agent, and/or attorney are great places to start. 

Instead I have decided to add some extra electrical outlets and put in lights and rent it as a workshop.

I went in, fixed drywall, painted walls white, paint cabinets, corrected floor slope and put down hardwood.

What I'm trying to say is that I recommed giving us more details or if you don't want to put personal info on the internet find a in-person tax professional or accountant who is familiar with rental property taxation to determine your eligibility for deducting rental losses and ensure that you're compliant with tax regulations.

Mold remediation is addressing the moisture problem, paint over any discolored areas with Killz and put fresh paint in your color over the encapsulant.

They put them in their personal names and get extra liability.

My question is, since I can’t put the property under an LLC, how can I protect my self from being sued by a tenant in a property that’s under my name!!

That's why they just want you to put it back the way it would be.