**Additional Tips**: Any other advice or insights from those who have successfully set up and managed an LLC for their real estate ventures would be greatly appreciated.I want to ensure that I set things up correctly from the start to avoid any legal or financial issues down the line.

There are so many things that will come up on this journey and to be all up in their mix over one day late, or elaborating over their personal issues can snowball into many issues down the line.

Then, in year 11, you will begin paying down the principle amount of the loan over 20 years. 

Tenant/Buyer is required to put down nonrefundable option money.

There are a lot of questions you will need to narrow down before buying a house cash.

Every year whether or not we actually get anything, there are storms headed toward us and guests want to cancel. 

Together, this structure will protect you personally from lawsuits, as well as keeping your investment properties isolated should legal problems come up down the road.

Use the 10% down second home/STR occupancy loan!

I am planning to liquidate a couple to put into the down payment.

By doing those things incentivized in the US tax code, it is possible to keep all your income, and that is life-changing.Making the right choices, you could be financially free in less than 5 years, but you are not headed that direction.