I do think the ideal first-time rental is a four unit that you can live in and rent the other three units out, but those can be harder to find.

Ideally broken down to the city at bare minimum, but even neighborhoods or zip codes would be even better. 

There is no guaranty that we will have enough money, after paying expenses, to distribute enough to pay a 12% annual return to Investors or even to return all of the invested capital.The second paragraph above "No Guaranty" to me, means that these distributions of preferred returns should not have been reported on the K-1s as "Guaranteed Payments," creating not-so-ideal tax implications for investors in the fund due to triggering self-employment taxes. 

You would be leveraging more which doesn't seem ideal for you. 

All of my landlords use Azibo and it comes out on auto.

If financing is part of your strategy, consider exploring fix-and-flip loans, which are tailored to help investors like you fund both the purchase and the rehab of properties.Lastly, start small with your first project, ideally in a neighborhood where you understand the market dynamics.

I called them and found out that the miles needed for a Christmas trip I booked for my son and his wife went down (pretty substantially I might add) and Delta auto adjusted my miles.

Of note, I am already doing STR and MTR in other markets and this property is fully furnished and listed in several places for my ideal tenant.

Ideally AI could improve the property analytics that shape listing prices, a competitive advantage over other brokers.

One of the key benefits of a DSCR loan is that it allows you to qualify based on the rental income the property is expected to generate, making it ideal for those with multiple properties or who may not have a strong personal financial profile or W2.