If it was due to a natural disaster they cannot raise your rates.

Don't expect rates to come down. 

If everything works out and you are dealing with a legit company this could be a great long term tenant paying above market rates. 

Some areas still offer strong appreciation potential along with steady cash flow, and when working with trusted lenders, you can find competitive rates in places like Memphis, Little Rock, and Oklahoma City, which tend to perform well on both fronts.

A lot of people tend to mingle these things when they talk about "break even" or "cap rate", but that leads to a lot of confusion.Let's use some real numbers which may be easier to understand. 

Depreciation lowers taxable income now but is subject to recapture at a maximum 25% rate when the property is sold.

You'll pay a higher rate and may need to have more of your own money in the deal in case of unexpected repairs. 

Refinancing: If the lender doesn’t approve, refinancing under the LLC might be required, but LLC loans typically come with stricter terms and higher rates.3.

So with interest rates high...

When you consider that I only work about 4 hours a week, that breaks down to an hourly rate of just over $1,500 per hour.