I also have personal W2 income, if that matters.Is there a loan out there for a set-up like this at 15% down? 

Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.

@Bailey RentzStessa is an excellent platform for tracking income and expenses for investors; it is user-friendly.

You didn't buy the house to preserve it, but for it to produce income.

We'd even be happy to move them into one of our (future) properties and just let them keep all/most of their rent income as free cashflow. 

If the property makes income, that's good.

They are a great tool becuase some lenders use AirDNA to qualifiy rental income if the property is not actively an AirBNB.

You can work 40 hours for corporate and still have another 40+ hours to work on REI if you really want to.

-------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.