Establishing a separate entity, such as an LLC, for your rental property business could provide more flexibility in claiming deductions associated with business-related assets like vehicles.

DSCR loans are easier to qualify for when the asset values are a bit lower and rents a bit higher.

If the assets makes financial sense to keep otherwise, hiring a PM solves your problem and allows you to keep a performing asset.

 An LLC is helpful to protect you and your assets.

If you have a mortgage the lender will require you to have insurance that protects the asset that secures the loan3.

Also assuming your practice is going well, consider talking to asset protection attorneys.

It was written before the days of YouTube, so it's not full of the common nonsense where authors sell a course, send you to their website for downloads, or write a follow-up with additional "secrets" they forgot to put in the first book.Long-Distance Real Estate Investing by David Greene was another good one.

What are the best resources / tools to get connected/educated on this type of asset?

@Jun Lee One pro that I can think of a solo 401K is there is no UBIT taxes when an asset u invested that had leverage sales.

There’s definitely potential in finding distressed assets and adding value through smart renovations.Setting up an LLC in the state where you’re flipping is a great move for liability protection, and working with a local attorney will ensure you’re covered on state-specific legalities.