For example there are condos in the Henderson area (about 15min from LV strip) that sell for around $220-230k and rent (not fixed up) in the $1200-1300 range. 

For example, leaving hoses full of water attached to a faucet in a non-heated garage.

Basically I'm looking to purchase a property all cash, in Indiana, and would like to hold the property in an LLC in Ohio for example that seems to have the following benifits.- No annual report- No Annual Fee- No state income tax (c corp filing for tax not s corp pass thru)My question is basically, will I need to file biennial in Indiana if i register as foreign entity in Indiana (I assume this would be necessary to have a rental property with income in that state)I am less worried about the fee's for registering, but more curious about ongoing maintenance.From my perspective, if i have to spend a bit more money to register as a foreign entity in Indiana, but I don't have to file each year, the extra cost would be worth it to keep this thing low maintenance.Any thoughts or suggestions welcome.Thanks!

Just as an example, a lot of the sub-prime lending practices have ended, there are far fewer new homes being built throughout the country, and the people buying homes are using cash more than ever.

I've heard warnings from Multiple Attorneys about bad practices (co-mingling funds with your personal accounts for example) causing courts to break the veil of the LLC and allow personal lawsuits.  

For example, have a rigidly pre-determined income amount. 3 xs rent is common and suggested by Brandon.

For example If I go to evaluate a house an investor is considering buying I will do a Trip charge.

I will give an example of the rough numbers below as we believe with our own very big incomes in Australia and the rental returns we could pay off the mortgage in full in 5 years (hoping) 6-9 years (conservative)Current money saved $81,100 AUD (0.63) E(euro) 51,093 Property price E 270,000 , mortgage E 220,000rental monthly income E 1,700 (conservative)Currently saving per month $6,000 AUD = E 3,780Could potentially pay E 65,700 per annum off of mortgage.We know banks don't work like this.

For example there is no personal guarantee unless operator files bankruptcy or siphons money away from the business etc.

For example: if the ground rent is $100 and the lease started in 1935, the calculation is $100 divided by .06, and thus $1,666.67 to purchase the ground rent.