This property can NOT be financed by FHA or a traditional conventional 30-year fixed-rate loan.

Why not just buy the property with a traditional DSCR loan and avoid the complication?

However, I'm now reading Dave Meyer's book Start With Strategy to learn more about whether long-term residential rentals is even the best approach or if I should be looking into other strategies, in light of my overall goal.After Start With Strategy I plan to read Set For Life by Scott Trench, but what other recommendations do you guys have at the strategic level?

You mention a traditional STR PM agreement where the upside is shared by both parties.

I inquired about the possibility of a two-company structure: A traditional LLC that is the public face of the activities (collecting rents, paying contractors, etc.) and managing the Series LLC with each property in once cell in it (in this case, Series LLC is serving as a holding role).Again, one attorney said that would be much better than a standalone LLC and that is recommended approach, and the other said it is waste of time and money since there are some requirements from Texas Real Estate Commission, which is requiring being a licensed broker in the state to operate in the managing LLC.So, just want to hear what other Texas investors are doing when it comes to series LLCs regarding these issues. 

Could you put some more light on where the liability would come from e.g. for the notes on non-owner occupied properties, managed by property companies.

I currently own a rental property that is financed with a standard mortgage. I plan to sell and 1031 exchange this property in the next 12-18 months. I have a priority credit line on my brokerage account that is now &...

.), are there any particular upsides or downsides of purchasing all single bedroom units vs. a more traditional mix of units for a property that size? 

(The tradition here is one month's rent for the fee.)6) How does trash normally work?

So the money flows from my traditional IRA holder (like Vanguard or Fidelity), to DirectedIRA (my SDIRA custodian), to now Axos bank which is in the name of my LLC.