I get the trap the OP has fallen victim to, I once did as well because I consumed way too much social media.Once I cut that off, got outside, surrounded myself with positive people and consumed materials that were a net positive for me professionally and personally it really didn’t matter much.It can be amazing how much of our perceived reality is mentally constructed.

It's not as if the OP is a newbie in STRs and asked some vague questions. 

The OP is in Texas, where I suspect it is slightly different!

Specific to this post, the OP asked whether they should do a DSCR loan and then a rehab loan and it's really the other way around to not get hit with a pretty massive prepay.In general, with Fannie and Freddie's increase in seasoning requirements, DSCR loans are looking better if you can qualify for one with 6 months seasoning to get away from hard money.  

Level 1: An LLC formed in the state of the property for each investment.Level 2A: An Ownership Wyoming LLC holding company for all the equity of the multiple LLCs at Level 1Level 2B: A Management entity to facilitate legal/tax/bookkeeping/day-to-day ops/etc. for each Level 1 entity (goal to leverage economies of scale against overhead cost of local third-party contractors, vendors, software subscriptions, etc.)Level 3: MyselfI feel with the layers described and proper legal & accounting I's dotted and T's crossed, there is a sufficiently thick corporate veil and there will be appropriate insurance for each entity to further protect from loss.

I’ve cherry picked a few individuals as well (MSFT has been a good one, and the Vanguard high yield ETF I mentioned is heavily weighted with MSFT anyway as it is which I like but I still like SPDR better overall so I have SPDR and I’ve supplemented that with adding shares of MSFT to my portfolio for example) but wanted to keep it as simple as possible by pointing the OP towards high yield funds.

That's just an extra money for an attorney or title company.If you're buying property from FSBO who never sold or bought it - you definitely don't want QCD it - get the warranty deed.Here we are talking about OP buying it in his name (assuming all the title things in tact) and QCD into his own LLC.If you think too much into it - it's just cost you more money......life is easy until we complicate it

Lots of these tenants had opportunities to buy their co-op apartment when it was affordable but chose not to. 

But OP is just getting started in his career and investing journey, and finding a reputable syndication I expect will be challenging....

But EVERY time it’s brought up by an OP it’s always talked about like some magic formula that’s been found.