Those landlords that choose to artificially subsidize communities via suppressed lot rents do not generate sufficient reserves to set aside for inevitable capital improvements to the community’s infrastructure and aesthetics.

Im not sure if I will hire them to establish the LLCs or do it my self, if I hire them or another company will be to establish one in KS and one in MO, then technically "copy and paste" the forms to establish the other LLCs.

But be mindful of the debt service requirements and ensure your rental income is sufficient to cover the loan payments.It’s definitely possible to scale up with DSCR loans—many investors use them to build large rental portfolios.

@Kyle McVay I self-managed my first 5 units and then transferred all new units to a PM.

I want to remain local in NJ or at most drive down 1hr to PA (self-manage or, last resort, hire a PM)However, I must also consider maintaining reserves, a safety net for my primary home, and an emergency fund.It's just hard for a new investor now :(

@Anthony Zotto - By the way you ask the question I assume you're going to self manage the property instead of using a property manager.

If a property needs too much work upfront, it may not be the best first investment.4.Factor in property management costs—even if you self-manage.

Quote from @Shaun Ortiz: One thing that keeps coming up is how some investors start with BRRRR but eventually shift to other asset classes—self-storage, mobile home parks, even commercial spaces.

It’s been stressing me out as I self manage this and my other property where it’s affecting my moods and I don’t like it and something has to change.

There are more options, but this is sufficient to answer your question.