Based on what you wrote here, I think the lesson should have been to not chase a specific number of properties, rather chase a specific number of dollars.

The IRS focuses on intent rather than a specific minimum holding period.The benefits of the primary exclusion out way renting your primary, deferring, and doing a 1031 exchange.

@Neal DaftarySo - You need to set up a regular LLC, this would be considered the parent LLC to the following series LLC's that you will create for the specific purchases. 

I tend to prefer this route.If you want to hop on a call and go over specifics I am available most of this week.

More specifically, Taz at REI Nation is a great place to start.

The TransUnion "ResidentScore" is similar to a traditional credit score but is tailored specifically for rental screening.

I consider myself an expert in one specific market - the one I invest in - reasonably knowledgeable in a few others, mostly ones that neighbor my market and/or I lived there and have some pertinent information to share that's generally right - and beyond that it's just applying general platitudes to every other market which may or may not be relevant.

@William Vreelandsetting aside the specific market for a moment, do you have a plan to execute every step of a BRRRR? 

I also have a couple specific questions:1.

There's a VERY specific recipe for success in today's market for section 8.