That said, I bought them with VA and FHA loans so my return on assets was still pretty good. 

When underwriting the deal, just make sure you have the two exit strategies available, flipping for profit or refinancing and renting for cash flow (outline what metric you are after for the cash flow side, meaning what cash on cash return or whatever metric you are looking for).

At 80% LTV, that is a 25% return from appreciation.  

If you don't have income, the IRS will probably catch up with you on filing tax returns for a business with deductions but zero income.However, if you don't care about your corporate veil and don't care about claiming your expenses as deductions (remember, nothing says you have to...), then go ahead --- is my layman's opinion. 

I've looked high and low and I have to hand it to Joshua Dorkin and his team!

High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?

@Chase Cline Agree with the other folks here that one LLC per property is overkill and that a good insurance policy is the first line of defense.Each LLC will require its own federal partnership return, which makes your accounting costs go up.

Now the platform returned her the rent and asked me for withdrawal of paid rent in February.

Offering preferred return?

The LLC should help you lower transaction costs since you as the LLC Manager can buy/sell property, taxes, etc by writing checks from the LLC's business account.I rolled my SDIRA from Equity Trust, no LLC (poor service, high fees) to Madison Trust w/LLC about 6 years ago.