In any case, be sure to let the former tenant know the itemized disposition of his security deposit within whatever amount of time your local laws say - in some jurisdictions, failing to do so may result in having to pay the tenant back more than just the original security deposit.The tenant left no forwarding address to return the security deposit?

-if I had a mortgage could I make a return greater than that interest rate if I invested the money I would have because I mortgaged the property?

That's just shy of a 3% annualized return on his $33K in cash.

For my personal goals and purpose of this example I'm looking for long term buy and hold using conventional financing with 20% down at 5% interest assuming closing costs at 5% the house and looking for a minimum of 10% COC return.

Based on area comps we anticipate a return of 8-10% after all closing costs and fees.

My background is in multifamily and I was shocked when I transitioned to self storage and saw the level of active management that is required to drive a return. 

I have been invested in Jacksonville for years and prices have appreciated considerably, and it is much harder to achieve even decent cash flow returns for an out of state investor.

With the first circumstance I can brin in around 20% return on my money per year. 

I feel that I have a better return on my single family in memphis than the multi family properties.

The rental income for the Series LLC will flow through to individual returns for Ohio state return ?