Dropping the rents $100 a unit would still cash flow $200/door with the tenants paying utilities.Numbers at a glance:Gross Income- 22260Taxes- 2084Insurance- 1000Management- 2226Utilities- 9500NOI- 7450 assuming no vacancy or CAPEX (just to illustrate how bad the current numbers are)Debt Service- 6535 (30yr, 20% down, 5.5%)Annual Cash Flow- 915 (Actual for this year with my debt service is -4797 due to CAPEX and no vacancy).

These include (but not limited to) Utilities, HOA fees, Lawn care/Snow removal, accounting, legal, etc. 

However, if you have an interest-only loan during the first two years, the debt service is lower, thus the cash flow is higher and could meet or exceed 8%.

Called the HOA to make sure it would be legal.

Sellers use agents because there are many legal obligations that have to be completed.  

I personally see no reason a selling agent with block someone from seeing a property, unless they had instructions from the seller to do so (and it was legal).

If it got dragged out for 2+ years because of a BK or a defiant borrower who contested every step of the foreclosure process, would soon find yourself deep in interest debt.  

Primarily I’m looking for any tips, references, recommendations on legal and accounting, management software, LLC setup for each property (legalzoom?)

Understanding The Income Tax Implications Of Tap Home EquityPrior to the passage of the Tax Cuts and Jobs Act of 2017 interest on up to $100,000 of second mortgage debt via home equity loans or HELOCs was tax deductible no matter how the money was used.

Depending on the class of tenant, you may need to up your vacancy percentage and you may have some "bad debt" (rent that is never paid).