When they do, expect much lower leverage.It sounds like you haven’t purchased the land yet.

Overall sale prices of homes are lower than most areas so that 100-200K can be multiple down payment on investment properties.

It took me 5 days to find qualified tenants with good credit score and income but my property manager still charges me full listing fee even though I did the whole listing, marketing and prescreening and they helped with 1 showing - they only showed one tenant who I prescreened through Zillow.

Say, 3 month later, I decide to do a cash out refinance of the replacement property at 75% LTV because the rate is lower. 

It’s also a much lower priced house than the couple I have now and I can afford to hold this and pay the mortgage with no occupancy. 

In most Ohio markets, investors can achieve solid cashflow with much lower initial capital investment.

.- get into real estate with a lower rate and lesser percentage down payment.

Expanding to nearby areas with lower costs and strong rental demand can also make sense.

If you are in a lower asset class things can go the other way. 

So, my experience has been that an LLC is a lot easier to properly maintain as an entity than a corporation, and hence much more difficult to “pierce”.Some confusion occurs because of a misunderstanding of the plaintiffs charges.