Choose which option you are going with. 

Does anyone have experience or advice on how to choose the right size?"

I personally would not choose to swap a tanked water heater to tankless at a rental due to increased maintenance.  

For lenders, you should be able to get some pretty good referrals from your realtor that you choose. 

It’s also possible to have a negative net worth, which means your liabilities are greater than your assets.Examples of assets that may be included in your net worth include:Business interests Cash and savings Investments Personal propertyReal estateRetirement savingsVehicles Examples of liabilities that may be included in your net worth include:Credit card debtMedical billsMortgagesPersonal loans Student loan debtVehicle paymentsNet worth is very easy to calculate: You add up all your assets and subtract your liabilities.The net worth formula is:Net worth = Total assets – total liabilitiesHow to Select a Net Worth TrackerYou can choose from several net worth trackers to help you monitor your financial position.

The loan will be originated to the LLC (entity) as the borrower and the property (being transferred to the LLC) will be the collateral.You can choose to refi the properties individually or in a loan tape (portfolio), however when in a portfolio the properties need to all be owned by the same LLC, and the lender may require that they also be all in the same state.

Augustine but choose to live in Palatka due to the lower cost of living. 32208 is another good investment zip code in Jacksonville, but be mindful of flooding issues if the property is close to the Ribault River. 

Consequently, you must choose between immediate cash flow or future rapid rent growth and appreciation.

Unless you choose to remove the husband from the lease, they both remain leaseholders even if he is not living there.

Most importantly, choose a market that aligns with your goals!