When I do it for me and my clients, we go very conservative to give better expectations of the transition process, than if it goes better, great!

The slight decrease in NOI for me would alter my outlook on if leverage on my portfolio makes sense to buy a STR. 

I'm not an attorney, but can share what's worked for me.

It's too expensive in Austin (for me) for cashflow. 

Quote from @Chris Williams: For the people who use buyer's agents to find their cash buyers to dispo wholesale deals are there any tips that you would provide for me? 

Due to personal faith based reason, I prefer to only invest in all cash deals that don't involve traditional financing (so typical passive RE options like syndications, RE funds with fixed returns, REITs etc are not a viable option for me).

I recently thought I found a great duplex but when a local agent toured the property for me, they didn't even feel safe which lead us to believe finding the right tenants would be a challenge. 

@Felipe FernandesMany investors form separate LLCs for each property.

To clarify - For me reserve just means liquid investments.

Creating an LLC: Forming an LLC may offer liability protection and help with structuring multiple properties, but it doesn’t change your ability to take rental property deductions or depreciation.