I should've started with a specific $/month in mind and worked backwards to figure out how many properties it would take to get to that number. 

And don't forget to factor in design/furnishings into your budget keeping in mind your ideal guest avatar.    

If it is for liability protection, keep in mind to actually limit your liability means that any loans and insurance for the property need to properly be in the name of the LLC and not your personally.

I don't care what anyone online says if you live there and have tenants at your home it will be a job. 

We use DealCheck to underwrite deals and QuickBooks Online for everything else post-closing on the purchase.Quickbooks Setup:- Classes allow for separate P&Ls for each property. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.

Asheville has just recently started to feel like it's beginning to come back online, but a long ways to go for a full recovery.

But here’s something to keep in mind: when you sell a property, you usually have to deal with depreciation recapture, which is another type of tax.

I’m going to consult a local financial planner but thought I’d ask the brilliant minds at BP as well.

And I always see fixers at a decent price (if yo don't mind putting some money into it).

Gravel and posts come to mind as options.