Leaning towards short term rentals to start then transitioning to long term for less stress over time.My goal is to have 'passive' income equal to double the national median salary.now my questions for yall.1. does all of the above make sense?

@Anthony Dupre sounds like you’re buying higher priced assets, so LLCs likely make sense if you’re pursuing commercial MF (5+).

Probably because they don't make sense at all.

you have to calculate the interest costs.and.... it makes zero sense whatsoever to buy something turnkey with that much leverage. none. you'll never, ever pay back the HELOC with the non-existent 'cash flow' from the property.just trying to be realistic. the market is unforgiving right now.

Which option makes the most sense may depend on the individual’s goals and how much time they can dedicate to learning note investing or setting up and running a note business.

Nailing down a buy box in the area, funding, and having a plan will come out of absorbing a ton of knowledge and narrowing down to what makes the most sense to you, what fits your life, and what fits your goals the best. 

I am trying to get a sense of what type of market is for Kansas city and surrounding area, and what strategies work well locally. 

All you can do is run the numbers and see if they make sense to you at this point.

It may not make sense for you, but people are still sleeping on it. 

I want to use OPM as much as I can makes sense.