Regardless of which state you choose, be sure to maximize your liability on your renters policy and get an umbrella - this will protect you more than any LLC will. 

If there were a bulk subscription I could get all my tenants for a low annual or monthly cost I would consider it though

Although the market is a low cash flow market due to its very low risk being so close to Washington D.C., long-term holders who participate in the upcoming rent increases and leveraged home price appreciation will see a strong opportunity to create Alpha in the market.Deep Dive into the Developments.As you will see, there are many different amazing sub-markets in Alexandria to invest in right now.

Please send me a DM if you want me to pass those along.How did you choose that geographical area being your profile says you live in another state? 

A lot (not all) of new people are so eager, but this is a bad time to be eager with high rates and low inventory across the country.

We can go low depending on your unique credit profile.

Start by researching the market to choose the right city and property type while understanding the local economy.

Your other levers are revenue (which as you mentioned is capped) and expenses (which congrats to you are low).

After that you'd be free to move back into your single family home property if you so choose. 

There are plenty of markets, a lot of people choose the Midwest.