The property is a 5 unit light industrial building. 

I would most likely return the capital until you have a good plan on how to utilize it. 

. $239,900 2bd/ 2ba, hoa fee's are 938/ monthly, all utilities included except internet.

I'd live in the other unit and still pay close to $600u/mon for utilities, taxes, insurance, repairs and capex.

It’s like saying, screw having to pay utilities in this 200 unit apartment building, I’m not buying it at a 12 cap.

I have read and watched several videos on anonymity in the rental property business and wondered if this was an issue that any of you feel warrants utilizing an attorney as the registered agent?

I usually use 8.33 (1 month in twelve) as a benchmark when analysing a property.Given your numbers, I am also presuming that the tenants pay their own heat/utilities (save water).This will give you and operating ratio between 43.5% and 49% (which may still be light, but could be correct if tenants are carrying their own utilities)This will leave you with NOI between $3200 and $2900/mth.  

I’m currently starting a new career in the field of Real Estate and I wanna learn more about this industry.

My name is Jake Penny I am a 23yrd old as of yesterday lol, I’ve been in the real estate Industry for two years now flipping houses and buying rentals.

Below are all the numbers.Offer to rent is $1800 per month + all utilities.