You also haven't left room for property management (if you intend to use it).So long story short, if you're BRRRRing or using a mortgage to obtain the property you are going to be cashflow negative or close to it:$1,150 - $1,000 - $90 - $62.50 - $62.50 - $62.50 = -$127.50My personal criteria is that I won't buy any single family rental unless it cash flows $250/month after all average expenses and provides a minimum of a 20% cash on cash return.

I ask because a number of issues affecting the title would not be recorded with the deeds and mortgages easily found by the average person.

. :)I would also suggest avoiding an HOA - it's an extra expense obviously, but their rules can change (like rental restrictions). 

(No creative financing involved)As of December 2023, the median listing price for a home in New York City is $799,000 down payment needed if using 20% = $159,800As of December 2023, the median listing price for a home in Charlotte, North Carolina is $419,900 down payment needed if using 20% = $83,980Here are some reason why many out of state investors love to invest in Charlotte NC:- Charlotte has a reasonable cost of living and it’s lower than the national average. - Housing, utilities and food cost are around 14%, 8% and 6% compared to the national average making it a great place to live for families, college students and people looking to retire.- Charlotte has a high occupancy rate across the state and it’s hard to get tenants into it because if the house is properly marketed and maintained it will rent as quickly as a week or two depending on the price range and the location.- There is a high demand for high quality and reliable single family homes- Charlotte has affordable housing options- The median listing price per square foot is $244.

Just part of our expense equation. 

If you're living for free with parents, that's a different story, but if you're saddled with an expensive rental, converting that cost of living from a liability to an asset is a great move.

Mortgage+HOI+property taxes will average out to 4-4.5k.

You would distribute the property out of an IRA to yourself, this is known as "in-kind distribution", now you personally own the property and free to do with it as you wish.If your IRA owns the property - all expenses, fix up, etc. must be paid from the IRA, you are prohibited from personally paying any of those expenses, which would be considered illegal contribution to the IRA. 

Where I live is extremely expensive and pay is not up to par.

So why spend the money on the licensing and the LLC when it is only an additional expense?