Consolidate your Texas Series LLC to own and manage your Texas LTRs and STR, eliminating the need for the Wyoming LLC and C-Corp unless specific anonymity or tax advantages justify their costs.

Choosing the wrong 1031 Exchange Qualified Intermediary to administer your 1031 Exchange could be a very expensive mistake due to the Qualified Intermediary's critical fiduciary responsibilities and obligations through out your 1031 Exchange transaction.You may focus all too often on issues such as size of the Qualified Intermediary, 1031 Exchange fees, interest rates paid, turn around times, branch office locations, and the like, when interviewing potential 1031 Exchange Qualified Intermediaries.

Do plenty of research and find out what other mistakes have been made in your are and learn from them.Both are great options but maybe doing a simple pros/cons list for both STR and LTR.

I wouldn't consider a SFR to be a mistake if the rent can cover the expenses.

Intelligent people learn from other people’s mistakes.

If I hadn’t been an expert in this market there would have been many variables I would have had to estimate which is a rookie mistake.

Adding a lead filter may reduce/eliminate lead content, but they are still going to replace the pipe.

I acknowledge I made numerous mistakes, but I do think I have a lot working to my advantage here.

@Scott Ray the way you have structured the investment eliminates double taxation situation, but as as a Canadian resident you are required to report the income here in Canada.

Start small and make your big mistakes early.