Based on what you say, the LLC may be the better option. ...This post does not create a CPA-client relationship.

If the answer to the last question is yes, I think it'll be a hard choice.I see a reasonable appreciation rate for underwriting at about 6% based on neighborhood scout, so nominally I think you'll make 10-11% if you had paid cash which means I think you'll do quite well holding on (20% returns or so). 

@Stephanie Menard, a few comments based on my own experience.1.

If you choose to play with fire, that is your perogative.For your reference, here is a good primer.Here is the key paragraph:Rental discrimination is when a landlord or property manager treats an applicant differently based on the applicant’s inclusion in a protected class.

It seems to me that they all whether paid of free, will all have the same exact amount of houses because all the transactions are all public and so they seem to compete with each other based on the quality of the data of the houses, how up to date it is, and the user experience in configuring the how the layout is.

I would still set aside money for renovations that are need based if you do that and use the rest to invest.

We're based out of Chaska.

This gives you flexibility and a clearer understanding of how you’ll proceed based on market changes.

I would suggest coming to some investing meet ups and just start talking to others and form a plan based off of that.

And a monster referral base..