So what you are really talking about is probably going negative on cash flow if you were to try to rent it out (from what you have told us.)All the best!

On top of using softwares like AirDNA, it would be a good idea to look into actual listings in the area and check their occupancy rates

Hi TJ,I always suggest to clients that they take a look at homes in their market to see what other flippers are doing.Here a couple of example properties that you could look at and / or contact the listing agent for more information.This property is currently listed at $639,997 and sold for $375,000 on 1/18/2024.https://www.redfin.com/NJ/Bloomfield/465-Beardsley-Ave-07003...Another one to look at is this one that is listed at $694,850 and sold for $485,000 on 2/20,2024.https://www.redfin.com/NJ/Maplewood/77-Rutgers-St-07040/home...Hopefully this gives you some confidence and motivation! 

Now they will require your SSN as the "signer" on the bank account, which would be required by every signer on the account, but the account should be listed under the LLC's EIN, not your SSN. 

Creative deals like lease options and subject-to deals need strong talk skills and knowing the contracts.

List of closed deals, time frame to complete, costs of the deals of the past.

Have you asked for a list of the owners of the LLC? 

During my search I came across 6+ listings from the same seller all with tenant in place making some amount of cashflow, some of them even making $500+ cashflow(by Brandon Turner's definition).On paper, it seems I'll make cashflow the moment I buy the property. 

It's good to talk to a lot of lenders out there before settling.1.

I'd also talk to the water provider and find out if the bill follows the tenant or stays with the house (where I am it is the later for water and former for everything else).