When I bought this vehicle I was nothing like that.

I've actually not heard mention of recreational vehicle or boats for STRs yet, so I don't know how much they've thought about it.

Even if i did have enough cash to put down for positive cash flow deals, the OC/LA deals would leave such a small cash on cash return that I may as well use a different investment vehicle. 

Tired landlords are a good source for deals too.  

I spent a little over 2K last month on PPC, got a lot of tire kickers and a few buy and hold deals, but no flips.

Hope to have a VA soon as I am tired of working in my business instead of own.

The lease has to be at least 30 years, but can run up to 99 years.This investor says he has great success at it, as he targets owners of small commercial properties who owned it for a long time, too old and tired to handle the operational responsibility, but can't sell because of the capital gains issues.In fact, he started on this type of investment as a no money down approach to acquiring properties, which turned into helping sellers with capital gains issues.Honestly I think it's simpler than a 1031, for the lessor that is.

Maybe, but this argument is short sighted and doesn’t take into account risk.Despite what most people on here say, REI is one of the more risky investment vehicles as compared to say stocks or bonds (don’t hate me, I love REI too, I just do both).

A C-corp traditionally has been a poor vehicle for rental real estate but now with a lower 21% tax rate, is becoming a better alternative, especially compared to an LLC which can be taxed as high as a 37% individual rate since LLCs are pass-through entities. 

Is LLC the proper vehicle?