It is important to conduct comprehensive research beyond Zillow; you may want to hire a professional home inspector to evaluate the property's state and repair requirements, as this information will affect your offer.

I only plan to hold it for another 5-7 years then I’ll 1031 Exchange it for another property.

I don't go into anything without having a plan.

Right now I am trying to stress to everyone that they need to be able to afford a property based on the long term rental potential even if the plan is to use it as a STR.

@James Whitehead does your lender know you plan to tap HELOC for down payments?

Make plans to draw in certain people and think about how the units are set up.

I'm assuming you do not plan to live in the property. 

Here is my plan and then my questions below:1) I want to buy single family homes across various states with each home having its own LLC in that particular state.2) I want these various LLCs to be owned by a Wyoming Holding LLC for anonymity.Here are my questions:a) Is it really as easy as creating a Wyoming Holding LLC online (e.g. zen business) and then creating an LLC for the homes  in the relevant state (again using zen business as an example) ?  

As a general rule we always use some kind of neutral color for houses we plan to sell, and have used a light gray many times with success.

Do you plan on holding it for 10 years?