As you can imagine the recent exits have lower average IRRs than the ones before, but did outperform proforma.We do have to agree with the comments on this string that our earlier exits did benefit from the 'all ships rising' effect.

If your expenses associated with the rented portion exceed the income, you may have a tax benefit if you are eligible to deduct passive rental losses from your other sources of income.

If I can be of benefit to you in any way don't hesitate to reach out to me.

They never received the cards, I keep them, so there’s no danger of them ever using them on anything and they get the benefits of the higher score

Considering you're planning on putting $15K into the rehab, you could benefit by looking into short-term FNF/FNH financing options as well, if you don't have the rehab funds available.

I have some VA benefits.

Each strategy seems to have its pros and cons, and I’m curious what the community thinks.Do fix and flips provide faster returns, or do the long-term benefits of rental income make holding onto properties more appealing?

The benefits far outweigh what you get with a HEL. 

A dwelling unit does not include a unit in a hotel, motel, or other establishment in which more than 50% of the units are used on a transient basis.”)Benefits of a Cost Segregation StudyCapturing depreciation on STR property begins with a cost segregation strategy to maximize deductions.

If I understand this right, your 2 out of state LTRs have no connection at all to your LLC, so you aren't getting any benefits from the LLC there.