While I realize that if a person really wants to find out who owns the LLC, they ultimately can with some personal effort or potentially the courts, I didn’t want people to be able to easily look up that information online (ie a simple Google search).

Awe, a handbook should be the simple version of rental law, imagine what the code reads like.  74 pages of insanity.

Just keep it simple with this...

That’s how you’ll get all the deals.It really is that simple.

So, the KISS (Keep It Simple Stupid) principle applies.

Therefore, you could say something like "taxes aren't based on your cash flow," but if I were making such as statement, it would be more like "taxes aren't DIRECTLY based on your cash flow" because that better captures the spirit.You have multiple sets of numbers: 1) [actual] cash flow, 2) net income, and since you mentioned running numbers 3) pro forma numbers (i.e., projected/estimated cash flow). 

For this particular property, I went to see it today and the conversion appears to be a rather simple project of moving a door.

The standard to apply is quite simple: Did you accurately disclose the character of the down payment funds to the lender in the loan application?

Yes if the cost is merely $7k, you will be able to re-capture that cost within 1 year and most importantly, increase the value of the home. - What measures can landlords take to ensure protection while renting, and what steps should be considered prior to seeking a tenant? 

Hello, my situation is simple but the agent made complex.