Simple reason- Inability to control an HOA costs and rules which can affect our bottom line.

When you have more assets or a larger company, states like Delaware, Nevada, Wyoming may make sense if you are looking for charging order protection, anonymity, business friendly case law, etc. 

So, unless your property appreciates on its own which you cannot control you may not be able to refinance out money to buy the next house.

According to Jonas Bordo, CEO & Co-Founder of Dwellsy, "Due to COVID19, renters want more space and control over access to their homes, and this has led to substantial new demand for single family rentals.

Typically folks will get a high interest loan initially because the property is at a discount and wouldn't fit the criteria for a traditional mortgage (fixer upper, cash only).The refi portion is to place a traditional mortgage on there so that you'll have a manageable monthly payment which rent will cover as well as cash in pocket due to the equity that was present.The goal is to control the property with as little money down as possible while positively cash flowing so I'm not sure if get 2 traditional mortgages accomplishes what you're looking for.

In RI, you must de-lead for long term rentals (but not short term) and if kids 6 and under have the potential to live there.

Depending on the project you could be a partial owner of a Multifamily Complex controlling 200+ units in the sunbelt with a small investment.

Getting my feet wet with my first 1031 Exchange. I’ve gone thru a QI and done everything legit. I’m now on the clock and need to find the right investment opportunity to move the funds into. I’m intrigued by getting i...

Question 3: Is the longer term solution for the theoretical LLC that I control to own multiple assets, in which case they and their cash flow would be considered by mortgage lenders for future mortgages?

That's usually the best way from the beginning to keep everything under control.