Doesn't have to be in an LLC first of all.It can be a STR reported on schedule E for the year it was used as such.You may need a New CPA.

They let you learn the fundamentals of ownership, cash flow, and deal structure — without overleveraging or taking on too much risk too soon.When you start structuring your first deals, make sure you’re also thinking about the tax and entity side from day one.

A Business Plan is a fundamental NEED item. 

As @Nicholas L. alluded to, even for the property on E 18th Ave at $160k is probably going to require more than $30k in cash to buy (not counting any potential rehab costs), unless on the off chance there could be seller financing.

It’s an affordable market with strong fundamentals—population and job growth are booming, and rents are climbing steadily thanks to major employers like Intel, Amazon, and Google.

For those who understand BRRR fundamentals and can execute rehabs efficiently, Austin is back on the table.Have you taken a look at the Austin market lately?

One thing I’ve learned is that the key to investing out of your local area is focusing on markets with strong fundamentals—job growth, population growth, and affordable entry prices that allow for cash flow.

Quote from @Robert E.

I’m not based there specifically, but I focus on Midwest markets that share similar fundamentals — affordable entry prices, solid rent-to-value ratios, and steady tenant demand.

While I focus on the Midwest, the fundamentals you’re learning—analyzing cash flow, managing tenants, and planning renovations—will translate anywhere.