You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State website for all to see.

I was thinking of it similarly, but without the specific calculations to go off, so that's really helpful.Your #'s are surprisingly accurate - $9k/yr principle paydown and with pool maintenance (I thought I should pay this too, so thank you for confirming), the cash flow isn't great. 

It'll be necessary to talk to professionals familiar with YOUR specific tax situation in order to address the pros and cons of using an S-Corp.

Is it usually a 6 month seasoning before being able to go for new appraisal and getting financed based on the ARV rather than cost.I've done a lot of reading and from what I understand this is possible, just looking for verification, recommendations on path forward or alternate plan, and also some lender referrals for when this takes place. 

Know who are you targeting, what's nearby that will draw these people to your rental specifically.

The more specific you can be about the problem you are trying to solve, the better response you will get.

Engage an architect, they will be able to advise you on how all of the issues written about here do or do not apply to your specific parcel. 

I also would like an alternative for StressaBeen unable to download bank information for months at time.

That way you will get other investors working in that area to give you more specific advise.

For Maryland and maybe more specifically Baltimore, search @Ned Carey posts.