The seller provided the tax returns but the claimed cash flow has taken a sharp decline the past 3 years to as low as $61 in 2015.  

After this point you would use the schedule E income that shows the rental income that you claim. 

Down the road, if I feel it necessary, develop an LLC and do a quit claim deed into the LLC's name.

Its that plain and simple.Property crime rates are failing rapidly in Downtown and Midtown Detroit and Insurance companies have claimed for years they went on a zipcode by zipcode basis, and not once in the last 10 years have they adjusted the rates down for these areas....hmmm.

Once you buy property in your personal name you can easily and very cheap do a quit claim into your LLC. 

What if I don't claim it as my primary residence?

The city attorney's office seized the property from the landlord due to the 16 outstanding orders of abatement on the property. 3 occupied, 1 vacant and 4 "guest rooms" in the basement that was overrun by druggies, drug dealers, bike thieves, etc.The 3 occupied units upstairs were vacated through several different strategies and one case of dumb luck on our part.Only one person in the basement claimed tenancy with a lease.

Even hamsters can qualify,Third, the animal must be able to provide the specific service or support that the person with the disability needs, in relation to their disability.The sad reality is that almost anyone these days can claim they have a disability and probably get someone to vouch for it.

There are many guys in the BA running around claiming to be contractors with a license number, but after further investigation there are issues with the license. 

Although lender's claim that they could enact the 'Due On Sale Clause', I personally have never heard of them doing so.