I do not want to limit myself to deals in the local marketplace because my local marketplace is extremly competitive and expensive and I wish to go out of state to not limit my pool of deals.My question is: I set up a wyoming LLC (because everyone says its good for protection).

I am concerned about the cash on cash % as I have heard that should be around 10%, but the return each month seems good.  

It is extremely rare that a buyer or seller in a residential transaction will engage an attorney.. 

smells shady to me, however the the fact that he wants to put as the leasse wouldn't concern me so much since would put his name and the LLC on the lease and you would take his personal social security # to run a background check either way, but the fact that he told you that he is planing to sublease it that a red flag to me.

On residential sales I see flood zones as a major concern, but on a rental property many investors I've talked to see this as an acceptable risk as normally the insurance would cover it the cost of any repairs.

With property not being in a great part of town should i be concerned ?

Would love any advice, comments, thoughts, and concerns from any and all parties.

After removing the window, the tenant started raising concerns of exposure to Asbestos (tenant claims to be an expert in Asbestos).

After removing the window, the tenant started raising concerns of exposure to Asbestos (tenant claims to be an expert in Asbestos).

If I have a relative that wants to invest some money into a property I am buying, but I do not want their name on any part of the property, is there a legal problem to be concerned?