But my question is that if we consider other operating costs like maintenance, capital expenditure, vacancy, etc then this property won't cash flow, so is this a good deal?

It's an A-framed garage with shingles roof, gutters, windows, and a 32" exterior door (in addition to a 16' operating face door). 

And virtually all of them had owned rentals and maybe kept a few but were just tired on the TTT but wanted monthly cash flow . so there probably is some of that at play as well Investors that dont want to deal with the PM aspect of owning RE..

You can check the NMLS for licensing (some servicers will operate without being properly licensed in that state).  

Investor focused realtors & Property managers are going to be your biggest asset since they'll be finding your deals & managing the day to day operations for you.

If you operate under an LLC or other business structure, are there tax implications or requirements I should be aware of when paying myself?

All depends on the operator, the segment there playing in. 

Looking forward to the journey ahead....In my experience, very few properties in Ohio are strictly required to operate as Section 8 rentals.

And some expensive ones for larger operations.

I am taking all your advice and information and putting it in my Notation notes for REI (you should really see this thing, I'm reading roughly 3 books a week, watching and reading countless videos and articles and I have a virtual seminar with Grant Cardone this weekend).