The downer is that financing through an LLC would mean “commercial loan” which has a high interest rate of nearly 9% in today’s high rate environment.

This is the class of property that I'm referring to when I talk about very high tenant demand and low vacancy. 

Quote from @Ana Mills: The high quotes for the electricians will be way cheaper than having your handyman do it and it causing damage, causing a fire, or even worse causing a fire later when someone is living there and that person/persons getting hurt because of the work being done by an unlicensed worker doing the work. 

Review the quality of the tenant base (do they have a history of paying on time, what were the original screening criteria, do they have applications on file).

I use high deductibles($10k) which saves me a lot of money.

Quote from @Anthony Dupre: @Chris Seveney Would you mind sharing a high-level overview of the structure your billionaire friends have set up?

Purchase price: $37,000 Sale price: $65,000 Land deal as is / buy low sale high.

The Shadow Ln property presented a high-demand location and a competitive purchase price.

These two things can do worlds of good for a high net worth investor looking to maximize tax- deferred/tax-free growth and minimize general taxes from operations.

For cash flow-focused investments, consider neighborhoods on the west or south sides, like Speedway or Southport, but be mindful of local market trends and tenant quality.