Challenges were mainly tenants.

My main considerations are 1) this is a good tenant who always pays on time and never complains and 2) the increased rent at this point, though getting to be significant, would still take 4-5 years to cover the cost of renovation.Tangentially related question: when would you pay cash to renovate versus seek a renovation loan?

The DSCR loan is going to me mainly based on the properties ability to generate enough rental income to cover the expenses (mortgage, taxes, insurance, etc.).

@Erik Nordgaard if the main thing you're worried about is the contract just get legalshield.

@Christopher HelwigCo-mingling funds and using the LLC as an alter-ego are surefire ways to pierce your corporate veil and lose your limited liabiilty protection, the main purpose of having a LLC.If you want to "consolidate" your activities, I would transfer Title from yourself to your LLC (same or new one which is whole different discussion) and simultaneosly refi into a commercial loan since legal entities are not eligible for residential lending (hopefully you aren't "frankensteining" it).Hope that helps. 

My main goal is to buy a house for a (house hack) asap

@Essence Leandre we find a lot of success targeting tenant occupied lists, the main reason being… there’s a lot less competition!

If it is zoned as Condo, then you will a door number like 123 Main Street, Unit 301 and Unit 302 (If a duplex). 

That’s spot on- I’m not anticipating profit right away, timing/seasoning is my main concern.

I did research this topic and was inclined more on software-based (mainly due to price) but would like to get real-life opinion of BP community.The main pros i see having an on-prem property manager are:1) Ease of rent collection and managing tenants2) Auto schedule of any maintenance and follow-upsThe con i see is the monthly payment (8-10% to property manager vs <$90/unit using software)The key points I am trying to find are:1) Does the above pros on having on-prem property manager same with software-based?