.- new electrical box and run a new line from the house to the street- installed new vinyl windows throughout the house- installed two new interior doors and 1 exterior door- had some minimal plumbing work doneWhat made you interested in investing in this type of deal?

For example: Section 11 (Utilities) states that tenant will pay all connection fees, etc.

Theres no real equity in it right now, kinda just finished off paying my resignation fee that the VA adds on to the loan..

Saving them Realtor fees, closing costs and months of house payments is a huge incentive to say yes, so we close more deals and more than make up for paying those closing costs in the end.

if you are all in on a house for 55k and you are getting 900 that's pretty good. especially for columbus. make sure you account for lease up fees too. most people charge a month rent or 1/2 a month rent so that'll be a one time expense realized per tenant. renewals also can cost money sometimes. 

However, you don't get a "my tenant broke the lease" bonus fee, out of thin air. 

Under this entity, and under the operating agreement  should I compensate myself a management fee ?

USBank did NOT cover outstanding utility, municipal things like sewer and trash or the HOA fees. 

You can get credit for any option fee that you paid and also any rent credits that are fully documented, so long as the rent credits are over and above what the market rents on the appraisal comes in at.

I also ask for 1.5x rent for security deposit + first month's rent + cleaning fee up front.