A condo that's Fannie Mae approved will also give you potential for appreciation and easier to sell, since there's a low downpayment option and allows for more buyers. 

@Brian Schmelzlen  Our approach has been to identify the target markets we want to be in, then choose a broker who understands exactly the product type we are looking for and is well-connected in the metro area. 

When you start advertising it, then I believe you can't discriminate, and especially if you are using a relator/property manager to help you market the property.Might be easier for you to rent the entire property to one family and for you to rent a smaller place separately.

But, they were not anywhere near my target areas and were too large for my current budget capabilities.

type comments, but it seems I might be on track.  20%+closing +++ down is tough and also a risk and your credit is got to be good enough for a bank so it seemed on target... but the thought of Hard Money and deals that encompass Balloon loans, and variable rates etc., are scary to me! 

If you do not have much equity in the property yet then you would have a minimum amount to use for a HELOC.In the future if you plan to use the BRRRR strategy I find it best to target a 70% of ARV/LTV for your All-in Cost basis.  

Is there a target time of year to buy to rent out? 

Will it be easier for the LLC to rent/manage the property or through the POA, or is there just really no difference.  

We can all agree that this is a much easier path that allows you to focus your time & efforts on other things whereas running a full fledged business is a full time endeavor.As an entrepreneur ask yourself what takes more time, effort & work?

Its much much easier.