If interest rates fall later, refinancing again might require you to bring extra funds to the table, which could impact your overall investment strategy.

If anyone can explain what it's really doing for me and how is it doing it.Would you recommend adding an "Umbrella" LLC in Wyoming to own  all the others to preserve the anonymity and stronger asset protection laws?

Right now I'm just looking at properties all over the place learning how to analyze a property etc but as somebody that is looking to make their first investment, i want to avoid if possible the extra outlays that can potentially come with an older house. 

We added value by getting this home way under asking with seller concessions.

I added a new software platform, got rid of all abandoned vehicles, raised rents, seal-coated and striped parking lot, took out loads and loads of trash, got the phone number working and started marketing to local community groups.

First, don't use REI Reply, it's just a white-labelled/private-agency version of GoHighLevel (the actual provider of the CRM) that they just mark up and charge you extra for everything you do (every text, email, etc is 2-10x more expensive than just linking twilio/mailgun to your GHL account, etc).With that out of the way, you can get to making workflows.

But… we already had that requirement; houses with four or more bedrooms have needed an approval for extra bedrooms for a few years now.All that to say, I’ve been watching it closely and even I have no clear answers on what’s what.

You can build a team and people do, it takes time, mistakes, and extra money.

(Just don't tell your lender that you are going to do that) The umbrella policy is an extra layer.

@Ben Cochran I hope you have factored STR tax savings into your cashflow and ROI as it can be significant.Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.