What does the tax ID indicate?

The experience was very poor and began with a lengthy application, asking for all sort of documents including tax returns, rental schedule, voided check, credit check etc, just to get a pre approval letter.

But there's more paperwork and rules to follow.Think about how comfortable you are with risk, what you want to do with the property, how taxes will work, and if you're ready for the extra work an LLC brings.

Not sure if these markets are old news, but I have a friend in Winston-Salem that says its a gold mine, and by all means it looks like it…low crime, good schools, population growth, friendly taxes, and reliable tenants.

Typically we shy away from playgrounds for the same reason @John Underwood mentioned.Another thing you could do that is minimal liability is a putting green area.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Even if you use a large amount of cash for the down payment, you can always do a cash out refinance in 12 months to pull out some of the cash "Tax Free".  

The biggest thing here is whether or not you need the tax savings.

Section 1031 tax deferred exchange where the proceeds from the sale of the Property are used by a qualified intermediary to purchase like/kind property.

There are no income checks, DTI, taxes, or W2s involved.