I have talked to several different investors about how they decide what return they look for and some do it by a dollar amount and some are looking for a certain percentage. 

The Partner's will then be required to report the K-1 items on their return.A Florida resident will be required to file a non-resident return with Ohio.

My LLC was recently revoked and put into inactive status because TN Dept of Revenue says I need to file a County and Business Tax Return. 

I'm wanting one to filter through county land records, identify owners, perform background check to identify any types of contact, then organize that into a excel spreadsheet and return it to me.

That's fantastic returns.

So, your going to spend $800,000 in the sort term and pull $700,000 back leaving $100,000 tied up with a return of $1000 a month?

You will likely find that advice results in a financial benefit vastly exceeding the cost of the tax returns. 

Hi All, here's a potential deal I would love some opinions on considering a fundamental decision must be made for it to be viable.Triplex currently listed at $127kDown Payment: $31,750Gross Monthly Rent: $1,500 (500 each)Estimated Expenses:Mortgage: $500Property Tax: $80Property Management: (10%) $150Water + Trash: $150Repairs (5%) $75Capital Expense (10%) $150Vacancy (5%) $75Total: $1,180 MonthlyCash on Cash return: $3,840 (About 12% return on investment)Property was built in the 1930's and states "could be rented for higher with work/repairs" Average comp rents seem to be around $600-700If I could rent each unit for $600, updated ROI could be up to around 20%... 

Talk about Cash on Cash return!  

You will likely face competition everywhere, the key is having realistic expectation for your returns.