If risks feel too high, consider waiting until your live-in flip is complete and your position is stronger.This post does not create a CPA-Client relationship.

I'm feeling the delays I've imposed on myself in my RE investing, so I'm trying to correct my trajectory to get back on course ASAP.You may not realize it, but you just stated your goals.Number of properties, no matter how you arrive at a number, is never a goal. 

The LLC is a pass through entity and will show up on your personal Schedule E and once the property shows up on the LLC, the debt (that probably won't show on your personal credit report) will be included in your total debt. 

Please DM me if you feel you cannot post here.

Portfolio = Income derived from financial instruments like dividends (including REITs), interest, royalties, and capital gains.Mostly income w/out loss potential, and favorable tax rates.Cap losses may offset cap gains w up to $3,000 loss.

But I agree with @Stuart Udis - when making offers on occupied rental property, I always review the Financials including the RR & T12.

@Chirag Mehta For construction costs, you should be around +/- $100 PSF which would include all sitework, utilities, and going vertical with modern finishes.  

What should the "ideal" comprehensive check list include?

This property will not compete with hotels is what I thought  We just book multiple rooms next to each other to take advantage of the included Disney transportation.

This makes it harder for a buyer to evaluate and feel comfortable paying market price for the property. 4.