I am glad that I am starting to actually look to operate an actual business since I am focused on saving up start up capital. 

Your open dates are late August, and many hosts across the nation see slow bookings when school starts.

Managing a duplex can be a smart way to start building your real estate portfolio.

It's no guarantee but it's a good place to start.

Paid cash for the land, and I have started to work with an architect, surveyor and septic designer on the build out.

The kind of help that I needed when I was starting out.  

When and if you ever go out of state you'll still have to start and keep filing that pesky FTB 3840 with the state.  

One of the main scenarios where it does in fact make sense is your example - it might be negatively cash flowing in year 1 - but start cash flowing positively in years 2, 3 and then down the road years 5, 6, 7 (all the way to 30 is technically possible if no refi or sale) the DSCR can explode quite a bit higherAlso sharing links here to 11 articles published here on BiggerPockets all about DSCR Loans, hope these help as well!

This tenant is going to be a nightmare and it would be best to start over.

Your fee to your CPA will be double as well as your on-going maintenance to keep those LLC’s in compliance.With the simplistic process of having one LLC for operations and one Series LLC for asset holding; you will save yourself a ton of time, money, and headache which would occur if you move forward with juggling 4 LLC’s – yuck!