The rationale being you are reducing your personal housing costs as the rented unit will be covering some of the costs. 

This type of loan is based on the property's income, not your personal finances, which makes it perfect for investors like us.

However, it is mostly geared toward a person who has a W-2 job themselves, which is not the case for me, so there are some applications that I am finding confusing. 

Personally, I'd do it.

A great way to meet people in your local community is to attend in person meet ups.

And we have the ability in life to hop up there (it's almost 1000 miles from us) should we need to.

The exact definition varies from person to person, but I mainly consider them <$40k reno and hitting those items.

Transferring Your LLC via Will:Review Operating Agreement: Check if your LLC’s operating agreement addresses ownership transfer upon death.Update Your Will: Specify in your will that you intend to transfer ownership of the LLC to a named individual or individuals upon your death.Consult an Attorney: Seek advice from an attorney specializing in estate planning and business law to ensure your will is legally sound and compliant with state laws.Consider Tax Implications: Understand potential tax implications of transferring LLC ownership through your will and plan accordingly.Notify Your Successor: Inform the person named in your will about their future role in the LLC and provide necessary documents.Please feel free to reach out if you need any further assistance. 

A lot of investors don't see the unit in person before purchasing since it's mainly for rental purposes so have your Realtor at least check it out.

On the other hand, BRRRRs will cash flow slightly.I personally think that the farm purchase is more of an emotional decision for me and I am leaning towards not going forward so I can invest in BRRRRs which helps me achieve my goals more quickly.