If its your primary residence be ready to sign a PG and jump through a few extra hoops with your lender.

Most folks think it's to limit your personal liability, and they're right.

The amount of digital ink that is spilled on this site about LLC's and how to set up complex structures  by folks who can hardly be called investors is a bit maddening to me as it keeps folks from actually investing dues paralysis by analysis due to things that really do not mater a great deal.

If you'd like, I can introduce you to some of these folks—they've helped several of my clients in the Fort Worth area overcome similar hurdles.And hey, if your ever considering expanding your investments into markets like Austin or Scottsdale, I've got some insights and connections that might be useful.

One thing that helped me when I started was getting super familiar with the local market and building a network of reliable folks (like other investors and contractors) who could make the process a lot smoother.Feel free to reach out if you have questions about investing in Michigan or want to compare notes.Best, Travis

Today, these folks are my core network and absolute best friends.

I dont know if you still have the AU version of BP I used to post on that frequently and helped a bunch of AU folks exit their poor buys..

Took one booking, the tenants broke contract by bringing a pet (dog hair and a bone were left behind), and Landing was not exactly pleasant to deal with in recouping security for extra cleaning and damages (dog used the ceiling fan remote as a chew toy). 

So in essence you are paying an extra 5k for each empty lot. 

.: @Michael Baum"We used to send it much earlier, but we had guests showing up a day before thinking they could get an extra night.