Depending on the experience we may opt not to go the LLC route and try to establish other strategies for asset protection that is consistent with management and cost minimization.Would appreciate hearing about the experiences of other real estate investors, including about the pitfalls to avoid with this kind of structure? 

For myself, I think my ultimate goal is to have an alternate cash flow to offset my dependence on a day job, which would allow me to choose a job I enjoy rather than have to find a job based on salary and ultimately allow me to travel with family more and enjoy life rather than stress about money.Thanks in advance and hope to connect and gain wisdom!

Depending on the location, 80% LTV as a Rate & Term refi should be no problem and 80% as a cash out is possible but would depend on the other deal factors.

Rents (dependent on the local area and subdivision, but for sake of this sample, let's use this #) = $1,700 to $2,000.3/2 mobile home vintage 1980s with 1200 sq ft in our area:  Cost $10,000 - 25,000.  

Hi Jenny,The value of solar panels is likely region dependent.

Typical rates are 8-12% of income either monthly or yearly depending on manager.

Splitting a single parcel post construction may also prove a challenge depending on zoning. 

I would add the zip code 64131 to your list, though, which is a mix depending on whether you are west of east of Troost.

Part of the net impact on brokers and buyers will depend on how the guidance from Fannie/Freddie and lender's plays out.

Depending on how your reserves/portfolio look like, there could be numerous strategies. 1031 exchage?