There is good leverage and leverage.I grew up a cash investor and was scared of leverage, but it limited my ability to buy more properties.

The DSCR is a financial metric that measures a property's ability to generate enough income to cover its debt obligations.

To Mike's point, it can also harm your ability to move on with a new partner who probably will not be thrilled to learn that you're still financially involved with your ex... 

Remember, not all off-plan deals are created equal, and the right approach takes experience, research, and the ability to think long-term.

Join off-market Facebook groups and local RE investor FB groups to get more local information about potential off-market properties, and find investor-friendly RE agents who are willing to work with you.I would recommend for a first deal at least to get something closer to home, easier to get back and forth to for your own sanity, ability to check on either construction or tenants, address repair and maintenance issues.

Do you think this will impact my ability to rent the property?

There are all rules you need to follow and many towns are limiting the ability to do this now.  

For many investors, an LLC acting as a Holding Company is going to offer the ability to manage the entity simply and provide limited liability protection.

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

Not you, not me, not anyone.If you’re relying on your ability to predict when or if someone will become motivated, then yes—it will be ridiculously hard to generate leads.But if you do it right…And let motivated sellers come and find you…How on earth is it hard?