@Lee Ripma- Ideally cash flow would be over $200 / month. 

Ideally, you stagger so you can get some exit cash flows coming back so it's not completely reliant on CoC.

I don't need the renno to be complete when my family gets in but I need the place clean and ideally floors done.  

When inheriting a tenant do you have a questionnaire that you have them fill out to make sure that the procedures the seller gave you match up?  

It's not ideal, and I still have to go to the house to change the code.  

Series LLC should be mentioned for consideration because it has probably what is closer to your ideal.  

The IRS wants a matching tax I.D.

I don't want to ruffle any feathers over it, and ideally I'd just like to find out what'd be fair and agreeable for everyone, everything considered.  

If you're going to deduct large repair expenses on your taxes, you can create a separate line item for those renovations and match up the numbers with your invoices.

Someone who ideally owns some investment properties themselves and understands cash flow and what matters to investors.I am looking at buying 1-4 unit, or 5+ unit residential building (non-owner occupied) as an investment property.Your help is much appreciated.With gratitude,Adam