If the personal income, credit and assets are being utilized to qualify it title, note and deed need to be recorded in the individual's name. - Can the note/deed be transferred to an LLC or Trust after closing? 

Take all the costs including utilities and see if you can cover things with a rental inclusive of utilities and still make a profit.

My question is how do you evaluate the performance of an established rental house? 

Is the only way to effectively utilize equity to buy the property outright so I would only be paying the interest on the loan leveraged on the equity?

Well established multi family with max tax benefits - 7.5% 3.

Clear Leases: Establish clear lease agreements for each renter and a fair system for sharing utility costs.

These two elements often get overlooked in the excitement of deal-making, but they play a critical role in the long-term success and sustainability of your investment journey.A well-thought-out tax strategy helps ensure you're maximizing all available deductions, utilizing the most favorable tax structures, and ultimately keeping more of your hard-earned income.

These can sometimes be premium, but have the tenant cover operating costs (utilities, property taxes, and some others), with decent profits, can be a worth exploring.

Every aspect of establishing an investment property business, R2R provides the necessary connections making a seamless transition from one setup to the next.

Scope included debris/utility cleanup, reconfiguration to code, and lease-up for workforce housing.