If you plan to grow your portfolio, consider setting up separate LLCs for each property to shield them from liabilities tied to others, though this adds complexity and costs. 

If you are investing out of state, then do you already have a good property manager lined up? 

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

Because you live on the property, management will be easier.

Hi @Diandre Pierce,You may want to think about a DSCR portfolio loan for your existing 7 properties.

Even though I wasn't a good asset manager, I made money on my properties. 

I rent my portfolio out as LTR and self-manage.Good Investing...

Maybe you help manage the property for them for a small %, or give sweat equity for small cosmetic renovations?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If I have a homeowner client that wants to play games, I'll gladly help transition them to another manager.