so, you're maxing out debt service which makes it tougher to cash flow.with that said, no matter the purchase strategy, you should always make sure you're using actual numbers, and not random assumptions.for example - some people will throw out '10% for capex.' 

People have to remember that the seller finance space fills the gaps that the banks leave behind. 

I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?

Clearly there is a sizeable amount of people consuming content about this stuff.Furthermore, there are literally millions of entry level rental properties in the Midwest.

DM me if you would like to have a conversation and I can guide you to people I know in the community that could help.

The lot works and ok with living in one unit, just trying to find people that have executed them in Los Angeles City.

Looking forward to meeting some great people and hearing about your experiences!

I'm surprised by some of the responses here about how people like VRBO more than AirBNB.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

We have a member round table discussion on Fridays at 9 am cst.And we have a calendar of events with events from area landlord groups and member meetups.While we are still on zoom we do try to find ways to still be able to connect and talk with each other so our events are not all just another webinar with people talking at you.Hope to connect.