After a minor rehab the house currently rents for $650/month, which gives me an annual COC return of 19.5% after rehab but before taxes, insurance, maintenance, possible vacancies and any necessary capital expenditures (major one done with purchase, heating/cooling system).

There is a particular future event that will make it possible for the veteran to personally occupy the property as his or her home on a specific future date (I have provided my employment contract that defines my annual R&R schedule.)"

There is no annual fee to the state of Ohio for an LLC, but if you have a multi-member LLC, as is recommended, you will need to file a tax return regardless of whether there were profits.

I have seen some that will match a CMBS loan 25% down but they want the buyer to hold additional millions in their wealth management department for products that throw off 3 to 4% annually.

So that is what I would use to justify an annual rent increase.

We are regulated by the Securities and Exchange Commission and are independently audited on an annual basis so must conduct our business strictly by the book so to speak...so yes, we are legit 😀 And yes, that is how our flow of funds work - bond sale proceeds go into their own account and then to our borrowers.

If it is not in a desirable area, I mean Austin, Denver, West Coast towns, NYC and appreciation annual rate the next 5 years is <10% I will not hesitate to unload it.

Section 8 has an annual inspection, but that's national.  

When it gets treated, make sure you get the certificate from the licensed exterminator, and since the house has had them already, maybe get on an annual inspection program with the same exterminator to keep them critters away.

Keep in mind adding a 2nd person to your LLC is going to change your entity with the IRS over to a partnership and a form 1065 will be required annually in addition to your personal tax returns.