Our basic understanding is that it's best to put the deed in the LLC's name in case a tenant stubs their toe and tries to litigate.

I would never refi a 1.74%, its basically free money.Is this a 5 year ARM you got?

We found a builder or two that would build for basically wholesale costs but managing them was hit or miss and the margins weren't as good. 

Since you are in an expensive market, commissions will also be high so you should be able to cover all of your expenses with just 1 deal basically, maybe 2. 

Not STR.)Regarding converting a STR or a LTR to a residence or to a vacation home or even just a Section 280A "mixed use dwelling"... it depends.For a full conversion, there's rev proc for converting like-kind exchange replacement properties, Microsoft Word - Rev Proc 2008-16.doc and it basically suggests you'd want to wait a couple of years.

It basically doesn't exist outside of a D class area, and you really don't want that.

Take into account that the type of list you pull makes a huge difference with your conversion rate as well.For long lists, it's wide net strategy so you'll need a VA/CC that'll make 1000-2000 calls a day which convert to around 150-200 calls where the CC reach an actual person and then they qualify the leads on a basic level qualifications person/interest and the property according to your buying box and exit strategy, then push it to ACQ for comping and closing.Short lists is more of a sniping strategy where you need a well trained ACQ VA that can make a comped offer on the call.

The income is also sheltered by depreciation - ie LP investments for tax purposes are basically treated the same as individual investments. 

@Joshua Morency I started out by househacking a 3 bedroom rental allowing me to basically live rent free for a few years while I saved up enough money to buy a condo. 

Other parks our size have about the same rent but have water included or basic cable, have rec centers or nice playground / pools, have multiple works on site.