Wasps are not something I would normally leave to a tenant if they call but by the same token the vast majority of my tenants are mature enough to simply get rid of wasps the same way I do.

You really need to consider the after repair value and if you are going to be able to pull all of your cash or the majority of it out at the refinance step.

Also, make sure you are asking for the right product at your local bank.

I could of spent that money on a contractor to do a majority of the work and been out of the house much faster. 

Also, why can't you ponder an LLC name and still be productive?

One just need read the law for a very easy understandingThe preceding sentence shall not apply to any foreign taxes described in subsection (a)(3) or to any taxes described in paragraph (1) and (2) of subsection (a) which are paid or accrued in carrying on a trade or business or an activity described in section 212.And then the reference from the above law to IRS Code 212(1) It has been paid or incurred by the taxpayer during the taxable year (i) for the production or collection of income which, if and when realized, will be required to be included in income for Federal income tax purposes, or (ii) for the management, conservation, or maintenance of property held for the production of such income, or (iii) in connection with the determination, collection, or refund of any tax; and(2) It is an ordinary and necessary expense for any of the purposes stated in subparagraph (1) of this paragraph.And for even simplified version, just look at the IRS guidance on the subject...What Deductions Can I Take as an Owner of Rental Property?

I used Guidant Financial to set mine up, I don't think they offer that as a product any longer. 

I have purchased many properties, and nearly all are rented and mortgaged privately, just completed major renovations and have 2 more to complete now. 

Home Base is the tricky one and our primary focus, we are interested in establishing a bona fide farm with value-added products.

It's an oil/gas/agri town about 2 hours from a major center.