That would go based on the income of the property and your down payment/cash reserves rather than your current income.

Monthly extra payments?

Out of state can be difficult if you don’t have a reliable team in place.

One of the reason is that I would be able to put less down on the home as a down payment.

If you wanted to invest through an LLC it would require you to purchase it as an investment property from 15%-25% down payment.

A more important question is how much is your PITI payment versus your $1100 a month rent payment (assuming you're going to rent the property) since you want cash flow.  

A down payment of at least 10% is advisable unless you have strong cash flow from stable income sources.

Once the home is under the LLC Ownership, am I able to deduct expenses/mortgage interest payments from my own personal W2? 

Either way you will need 25% of the down payment.

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