If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.

.: I'm working on a project called Propradar which might be helpful.

Petersburg in the beautiful sunshine state that we call Florida, contact me!

Don't buy in the hood.

Investors were buying at below 4%.

As Jay pointed out all this reads of what I'd call "par for the course" in D/C class.

What would you say to the first time investor looking to buy, rehab, rent, and refinance in Dallas?

Interest on a loan used to buy or improve a rental property is ALWAYS deductible against that rental property.

Putting in place policies and systems to handle that will be key otherwise you'll always be working or at least be on-call.  

It's honestly insane how you people call yourselves investors yet your never prepared for hardships or things that come up.