Melissa Hi Melissa, welcome to BP - some great questions, I've actually published an 11-part (soon to be 12-part) series here on BP on all about DSCR Loans, linking below - hopefully this will help!

There are a lot of groups out there right now that had made-for-TV track records that will likely not be in business in a couple years.Focus on the experience of the team, how long they have been in the business, how many market cycles they’ve survived, their philosophy on leverage, and how many properties they bought in 2022/2023 (a good answer would be few, a great answer would be none).And do yourself a favor and read The Hands-Off Investor (in the BP bookstore) before you invest a single dollar in a syndication.

You do not need a separate LLC for each property or a series LLC!

California does not recognize series LLCs.

Gucci handbags, have big screen tv's, they are NOT living on a budget at all.

You are correct, no HOA and my plan is for no TV, just internet, as you noted.

There's a series called The Section 8 Bible that is really all you need.  

Like Brandon mentioned - you sound like the picture perfect classic "DSCR Loan" borrower - dscr loans are made for exactly this typically - LLC friendly and usually the best fit for when investors hit the 5 or so property mark and hit a roadblock with banks, cash etc like you desribed.Check out this 12-part article series published here on BP on all about DSCR Loans, hope it helps!

If your property is up to par you won't really have many maintenance calls except minor stuff such as plumbing clogs which is more likely to happen and requests to turn the AC up or down which you can do on your phone but other than that pretty hands off.Vacancy depends on location and your Padsplit property score the more comfortable you make your property (mini fridges, tv's, outdoor area) the lower your vacancy rate but you can expect about 10% vacancy factor in a Padsplit friendly area (centrally located, easy access to public transportation).

Series LLC’s are easy as many accounts as you need!