I warn people over and over and over to know what they are buying and to go personally see what they are buying. 

Quote from @Jerome Brown: Hey BP, My name is Jerome Brown and i have some real estate experience.

True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.

I've heard that Butchertown, Highlands, and Old Louisville are hotter areas and am guessing that proximity to Churchill Downs and downtown are usually a plus (especially for STRs).I'm casting a wide net here in just doing some preliminary research to get a feel for different areas of town, but would love to get connected with some others who have had some experience doing some of these things and have a good lay of the land and are connected with reputable contractors. 

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

The growth of 1.6 million additional residents will require investments in infrastructure, housing and transportation, the organization added.The numbers were provided by the group’s research team with data from the North Carolina Office of State Budget and Management and the South Carolina Department of Revenue.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Make sure you do your research as well. 

I just happened to stumble upon Chris and Blue Metric Group while I was researching making the jump from SFHs to a mobile home park.