I currently own one home in NY as LTR, one STR in SWFL but am looking to expand my portfolio.

If your goal is day-one cash flow, the current high interest rates will make it very difficult.

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

I have been to the DFW area a few times but not specifically to these northern suburbs, but I know that DFW is one of the fastest growing metro areas in the country with a robust economy, and I expect it to keep growing.

A $24 per year increase, per $100k purchase price.2) The average year over year appreciation in San Diego for the past 30 years is ~6%, there will always be annual fluctuations, last year we did ~10%, but without a crystal ball, no one can say for certain.3) Your interest rate is only a starting point. every year the interest you pay will decrease, and the principal you pay will increase.

Some investors will wait until they have several properties before forming an LLC but it's often beneficial to set one up early especially with your first property.

Pace has built communities that work off one another to achieve success.

Most suburban cities have VERY limited lots and most of those are zoned R-1, meaning only a single-unit house can be built.In the City of Detroit, it's cheaper to buy one and rehab than build!

I am reporting every one of them now as this has gone on for years and is ridiculous that people don't know how to follow the law! 

One where the lady was promised by seller and seller's agent that it could be converted legally.