They primarily function as a way to compartmentalize your liability, but when structured correctly can remove your name from public records to provide anonymity and would include an operating company to separate the higher risk activities (repairs, rent collection, property management, etc.) from your assets.

Locally, look up the Tidewater Real Estate Investors Group, definitely worth attending, one of the  largest in the country and meetings held right here in Virginia Beach.  

Make it clean, safe, and functional.

You post on the world's largest RE platform looking for input. a bunch of people are telling you that at the very least you are a fool, and more than likely you are breaking State statutes...You argue!

@Stacey Lauren Taking out one of your largest expenses (housing) is an amazing way to start your investing career! 

I would definitely look into finding a good insurance policy to start with, then talking with an attorney about options to protect your assets.An option that fits well with having multiple properties is the Series LLC, which is a structure that functions under a single EIN and allows for streamlined operation, but can still separate each property as a separate entity in regards to liability.

The tenant can get their own microwave or you can buy one that sits on the counter.Think about the purpose of a properly functioning range hood.

With 14-16 hour days, 6 days a week I’ve found it difficult to get a good head of steam on analyzing and networking along with doing the bare minimum of sleeping to keep me functional.

From what I have seen, the largest market in the Ft Worth and surrounding area is $150-$200k range.

I am not sure when I should renovate, and also if I should renovate.The kitchen is functional and all appliances work however they are a bit outdated and aren’t very appealing.