Some states might make you have an LLC in that state for a property.Least protection: No LLCsAnother option within those options is to use REPT (Real estate Privacy Trusts) under the LLCs for different properties.

What I have seen so far as another newb who is probably not much further than 5 minutes ahead of you in the REI journey:It will not matter during the acquisition process (unless you are finding your own off market deals).CONS:-Not great to deal with tenants because of privacy reasons. 

Just out of curiousity why would someone choose this model over a short term rental that is isolated by itself (privacy) or a hotel? 

Like many others on BP , I do prefer some element of privacy as I do not want tenants and such googling me and finding threads where I have used them as an example .  

A Comprehensive Guide to Homebuying, it's essential to be thorough and methodical to ensure you're making an informed decision but draw boundaries, it's okay to open built-in closets and kitchen cabinets to assess the property, However, respect the seller's privacy by not invading their personal space, such as medicine cabinets, storage boxes, or clothing drawers,Interior:Architectural style.Bedroom and bathroom count, size, and location.Closet and storage space.Number of floors.Sightlines and general floorplan.Appliance age and condition.Light switches and socket count.Plumbing and water pressure.Natural light and views.Noise levels.Stairway width and type.Porches and decks.Garage and parking capacity.Proximity to neighboring homes.Remodeling opportunities.Exterior:Roof and siding condition.Landscaping and outdoor maintenance needs.Additional Considerations:Take notes and photos during the tour.Use your five senses to assess the home's condition.Ask your real estate agent questions about the home's features, flaws, and market conditions.Red Flags:Overly scented rooms.Water stains and damage.Lack of maintenance.Foundation issues.Sagging ceiling.Fresh paint that may be covering up issues.Final Tips:Be prepared to make multiple offers before finding the right home at the right price.Stick to your budget when making an offer.Don't overlook potential red flags just because you love a home.

if you are able to, would go the whole house rental. it would likely lead to more revenue as most guests would prefer privacy the entire stay. 

If you can't commit at least 2 hours a day or 8 hours a week (in my experience) and a few hundred a month- I’m at $200/mo in marketing, lots of driving for dollars and TTPIf you know you can't commit to that - DO NOT SPEND THE MONEY.However if you are super hungry and you’re going to wake up insanely early and work on lunch or lock yourself in the laundry room to have privacy to cold call for a few hours a day -- if you can keep the promise to yourself - DO IT.

Hey Joshua - AS others have mentioned, I'd suggest focussing on updating kitchens, appliances, windows, cabinetry, and bathrooms.

Do not just get randoms, this is going to take a lot of work to protect your privacy and personal residence.

I do this because of the privacy.