Looks like you have a lot more room for a proper sized dining table.

Simple answer as to pros/cons:Pros: easier to get approved than conventional without your personal income/employment/taxes/assets/DTI being evaluated, i.e. lighter paperwork and more flexibility, usually faster too.

If there are excess funds after paying the local/school real estate tax bill, the remainder can go to:Current real estate taxesCurrent Muncipal liens for water/sewer or any other bill initiated by the municipalityState Liens, usually for outstanding state taxes, sometimes employee/employer taxesPA State Inheritance Tax which applies to all deceased owners and starts at dollar one with no exemptions, unlike the Federal Estate Tax. 

If its positive it adds to your job/self employment income as a total income figure to determine your DTI or debt to income. 

Being self employed then too, I would not qualify so I never started that way (and I was very young (like 23).

My plan is to use the LLC to acquire properties and to be the employer for the property manager when I actually acquire some walls and a roof besides my own personal home.

However, due to very, very high cost of living in Silicon Valley, and difficulty buying a reasonably sized home, and given I will remain in Bay Area long term most likely (family all here), also need a property appreciation strategy to some extent, too.

There are companies spending $100k a month on mail and all the smaller sized companies / people all get their data from same sources (like Propstream).To me it didn’t make sense to use the same info as it is extremely difficult to have any type of advantage

It's another tool in the tool belt, but not a one-size fits all.The last time I offered cash was when both my tenants got laid off and could not afford rent.

From my research, it seems like a good ARV is 60 - 80k depending on the size and quality of repairs.Shreveport in general is a steady community.