If you don't plan on paying cash and have to leverage with an owner-occupied loan product then you should set up your LLC as a property management company because you will not be able to borrow in the name of the LLC.  

@Teri Feeney StyersAre you doing land contracts or owner financing?

My cleaner can bring her large Bissel for extra clean up.Plus I tell every small dog owner not to let them off leash when outside....eagles...

Once I reached that, I worked towards a new goal of financial independence for all of us, in case I decided to stop working.

As an out of town owner, one benefit of Madison is that we do have a good supply of property management companies to consider. 

You have given the tenant many of your rights as an owner BUT only for a specific time period whereas a deed transfers rights permanently.  

From which we can decide if we jump on the band wagon or not.

This article presents three key factors to consider before deciding that now is the time to sell/exchange: 1) regulatory, 2) economic and 3) personal timing.1.

Purchase price: $28,500 Cash invested: $28,500 Sale price: $80,000 Bought and sold a 3b/1b SFR with Owner Financing.

Forget trying to walk them through a simple repair over the phone, to avoid sending a ServiceTech and saving an owner money.