You are you, and only you can create these proforma figures based on the way you intend to stabilize an asset.

Essentially you create a parent LLC with each property in it's own secondary or child LLC.

I'd rather participate in syndications than create a business of lending.Also note that lending has none of the tax benefits owning real estate has, which makes a big difference. 

Choosing between these depends on your financial goals and risk tolerance.This post does not create a CPA-Client relationship.

@Katie Balatbat is there a minimum time period before the TIC needs to be created? 

A financial advisor can help you  create a comprehensive financial plan to make sure you cover all your bases before you move forward. 

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

It can create some tension, but that's why REI can be so lucrative, sometimes you have to do hard stuff that no one else wants to do. 

Ironically, Waco outlawed all new STR's in residential zoning a few months after I created this post.

We have worked on improving the physical appearance and infrastructure of the park, updating the homes, getting a new sign, advertising it online, and creating a website (www.shadyacreshuntington.com).