A single member LLC to manage a few rentals with a combined value low enough to be comfortable...probably not all *that* complicated. 

What I like about Newark is that the combination city and county taxes are much lower than other areas in the Dallas/Ft.

You'll find several markets in Florida that have a good combination of cash flow and appreciation potential if you're willing to expand your focus a bit. 

Rarely do we go all this way and have them fail at the end.

One of my out of state PMs also provides info like population and job growth  but I rarely focus on anything like that.  

Even if they have less than 20% ownership you can attach them to the loan to use your combined cash reserves to qualify.  

So a combination of both can typically work. 

@David DeLancey Hard money lenders rate vary and it is very rarely under 12%.

Hello,
I'm very interested in a piece of land that's come up for sale not far from Quebec City. It's 23 acres of forest on the water front:

The land is zoned A-14 so can't be subdivided and only one reside...

However, there are two scenarios in which you can earn greater than $150,000 per year and are still allowed to claim up to $25,000 in passive losses by combining gains and losses under Section 469.The first way is to combine rental property with investments in which you also materially participate in that have passive activities that generate income.