Does that include taxes and insurance? 

Otherwise you will have to pay higher rental mortgage rate.4) If all goes well, you buy your new home to live in with FHA 3% down or FNMA 5%+ down and rent out unit you were living in. 5) Yes, you may have negative cashflow on the rental for the next 1-3 years, until rents increase, but this is part of investing.Be sure to calculate any changes in the rental property taxes and home insurance resulting from you moving out.

The taxes on this property according to the listing is $15,000.

The home was going into foreclosure because Larson owned over $11,000 in delinquent property taxes.

Not to mention I got to write off over $175k from my income taxes using a cost-segregation study.  

I have a fund seeking to make section 8 investments on 4 or fewer unit properties in landlord and tax friendly states such as Nevada, Florida, South Dakota, Utah, and Tennessee. 

I'm curious on how best to structure this approach: Who owns what, who gets what, rental income & depreciation (all tax treatment).

It was my understanding he would have submitted permits but two months after the close date he put that responsibility to the contractor who "missed the email" and it was not caught until February even though the consultant repeatedly asked for permits. 

My question is what is the best way to set up out LLC, and should we be taxed as an S-Corp? 

Consider a lending partner thats invested in your success, offering coaching and consultation to mitigate risks and foster mutual growth, which ultimately makes the loan less risky for all parties involved.