I used to recommend placing no more than five properties in one LLC, with a maximum equity limit of $300,000.

If I were starting over as an out-of-state investor, I’d focus on building a strong network from day one—especially a great agent, property manager, and contractor.

Do one or 2  LLcs at the most for say a million dollars of property. 

I''ve only heard of ones existing who work on large constructions projects, not small single family home investment properties. 

Lenders will typically add back depreciation, one-off large expenses, etc. 

Once the baby comes and one more on the way, even better.  

In one of my duplex units, one girl wants to stay and renew her lease but with two new people as the current other two are moving out.She had 2 people willing, but one of them was a smoker so I had to say no.

One time a prospective tenant said they had their own refrigerator and asked if we could remove ours.

@Dennis LiDennis, your question is very common among real estate investors, and it’s an important one.

But I will stick with my gut on this one and keep networking and looking for the next one.