Are you using your 1040 schedule E to report the investment property income and expenses? 

When banks check your refi eligibility, they eyeball your credit score, income, and the property's value.

In a recent post about how to minimize the taxes on rental income it was mentioned that: Setting aside reserves is an expense, so long as they are not excessive.

If you leave the property in your own name anything in your name is at risk, including your personal residence, savings, and future income.

Hi Caleb Rehg,If you have employees you will have to pay quarterly PAYROLL taxes, but these can be taken care of by a payroll servicer such as Gusto or ADP.Otherwise, if you expect to have a substantial net income from the rental property at the end of the year, you may opt to make quarterly estimated tax payments so that you that you don't get surprised by a tax amount owed with your tax return.

Are you looking for monthly passive income or a lump sum?

Where do I find the SC Income Tax Depreciation Table?

I want my income to go towards something I own.

So, it will be taxed as ordinary income. 

Would personally guaranteeing the loan be something that would pierce the corporate veil?