I know whenever storms come our way in Florida we always bet on it to take a northerly turn.

Good morning BP community I live in Oakland, Ca and have rental property here. This is an expensive market so a new investor has to be very discerning when looking for deals, especially if you are new to the business....

Every single member LLC can go on either Schedule C or Schedule E of your personal income tax return.

@Hunter AlbertVery broad question.Are you looking for Class A, B C or D? 

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

I never bet on appreciation.

I'm also placing my appreciation bet on Cedar Park.In 2013 and 2014, Cedar Park was the 4th fastest growing city in the country,and the city have approved a new Comprehensive Plan for how Cedar Park will look and feel in the next 20 years.  

I will only look at C- or better properties if they are in C+ or better areas, and those cap rates are not much better.

Though you should never bet on appreciation, from the sound of it, it is highly likely that this property will appreciate nicely. 

However, when dealing with Class C or below, it can quickly get out of hand.