Keep in mind not a lot of people are willing to do the shorter term rental so everything is negotiable and they will pay a premium. 

They do share their secrets in how you can buy RE using credit lines to pay down your mortgage off in 7 to 10 years.

To get this amount through a cash-out refinance at 80% LTV, the home value must be at least $453,800 after one year.Based on your report your ARV right after reno is $425,000Add a 8% home appreciation for one year $34,000Estimated Home Value After 1 Year:$459,000Assuming a refinance after 12 months with a property value of $459,000: New Home Value (Post-Appreciation): $459,000 New Mortgage Amount (80% LTV): $367,200 Existing Debt Balance after 12 months: -$360,000 (because you have been paying interest only) Assuming Bank fees on New Mortgage: - $200 Cash Pulled Out: $7,001, allowing you to recover to pay only 7k on your initial investment of $29,790, leaving $ $22,789 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.

However, I have to file taxes in each state the LLC is in and pay the annual LLC fee in each state.

You will pay taxes on the distributions. 

I own one there as well and do pay these fees. 

You say she can barely afford your rent but now she’s paying that rent and presumably rent at another place she’s staying?  

Though i would not mind a local house hack, my partner would not be supportive. 3.

I am optimistic that things might improve with this change, but I would not pay again just to find out.

I decided to purchase property in Pennsylvania where properties are more affordable in certain parts, demand is relatively good (less vacancy), healthy cash flow, and tenant laws are more favorable to the owner side in case your tenant stops paying their fair share.