I know, sorta defeats the purpose of an LLC from a financial perspective, but gets the job done.

In our 'day job' business of remodeling we have stayed just a partnership with an LLC.

A common theme amongst those who are successful scaling a real estate portfolio and affiliate real estate businesses is organization skills that allow for systems to be implemented.

If that's the case, check out some of the economic data about what cities have strong job and population growth.

Most of my clients:1) Put 20% down for a conventional investment loan.2) Put 10% down for a second home loan3) Something else, either hard money, DSCR, or portfolio loans.These are the most common ways. 

.- In some markets, that are growing quickly, with great jobs and lots of inbound migration, this could be a little higher - like 4-5% per year over long time periods as demand outpaces supply.

I went from a W2 job to building a portfolio of 500+ units over the last 5 years by starting small and scaling smart.

If you don't, you should get to it and be there now, that's your job as  landlord.

Your neighbor s as Sean mentioned, have a lower tax bill likely due to the fact that they live there and there are laws that prohibit the tax assessor from raising the property values more than 3% per year when it's your primary residence okay, it's also fairly common for your tax bill to significantly increase in the tax year after you purchase it.

As an investor here myself, I can tell you we're seeing solid rental demand here thanks to the strong job market and major employers developing here.