Townhome cost about $250/mo (mortgage, tax, insurance,) less. 

I have to bring my trust documents, my operating agreement, tax returns, the IRS EIN document. 

Research rental comps in your target neighborhoods.Expense ratios: Repairs, vacancies, property taxes, insurance, property management fees, etc. can take a big chunk out of gross rents.

Do you have a current need for that cash flow generated from the tax savings?

All of these numbers seem low, especially property taxes if this is in TEXAS:Vacancy $105.00 (3%)Repairs $105.00 (3%)Management $175.00 (5%)Property Taxes $66.67 (2%)What kind of unit is it?

Do we have to file a tax return for the LLC every year even if we didn’t make money in a given year? 

I asked if I could pick my trust company, I got a flat no. 3 days later they sent me the trust company's info, the phone number for the totally real sounding name of "Lawyers Escrowsan" is the same as Judith Knott's.

The co-op is the one selling it since the original owner didn't pay their taxes the co-op became owners.

With hard money loans (fix & flip loans) you don't need to be employed or show taxes and you would get say 80% of the purchase price + 100% of the rehab money to fix the property up.

@Erika Caba I think if at the end of the year when you can evaluate the situation as a whole with everything taken into consideration and are looking at your tax returns if your goals have been accomplished with this building, whether it’s positive cash flow, off setting W-2 income, whatever, then I’d say it’s too early to throw in the towel.