@Andrew C. 1) If she meets the qualifications for REPS, the rental losses will be nonpassive and can offset any type of income.2) The functionality of Series LLCs differs from state to state, since some states do not recognize the Series LLC structure.

This is harder to do in Furnished Finder/Zillow, but Airbnb has the functionality to do it.  

I create a spreadsheet that calculates principle pay down using the built in functions for principle and interest (ipmt, ppmt).

I know this was a lot of information, and I hope it helped a little bit to visualize what each strategy could look like in this area.

For example, you might have a 1980s bathroom which looks dated but is perfectly functional.

I use Google earth to get an idea of roof tops, and can pin them up for a "hit list" type visual aide. 

I'm considering hiring a company that will meet with me and design our flips from studs to finished product, including the functionality of the property to the actual finishes used; i.e. the design of the flip. 

and only after you covered properly the "other" aspects of risk management (insurance, umbrella insurance, proper property management, etc.).Here are some visual diagrams to help you in your quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection

(Im able to get into this thing for only 10K the cash on cash return is absurd from 37-56% (depending on closing paid and points i pay, its an 8% Cap, 350 cashflow (after variable expenses) Brand new.. seems like a decent first step but the functionality.. a Perfect nice 3/2/2 1400 sq pft per side is 575k , this one could be 365k if they accept my offer i sent last night)

Also, why use a rate calculation, when the HP-10B has an IRR function?