You need someone to help you with finding A property, rehabbing, project managing rehab and property management.

May I recommend anger management since you seem very triggered by me just trying to seek out some help in an area I'm not very familiar with.Cheers!

Quote from @Johnnie Fair: I wouldn't accept her application.When checking landlord references, many applicants will give you the number of a friend or family member that pretends to be the landlord.

To mitigate this risk without using an LLC, consider:Umbrella Insurance: This provides additional liability coverage beyond your standard homeowners insurance.Equity Stripping: This involves placing a lien on the property to make it less attractive to potential creditors.Land Trusts: These can provide some anonymity and protection while allowing you to maintain personal ownership.Insurance:Ensure you have comprehensive insurance coverage, including:Property insuranceLiability insuranceFlood insurance (especially important in Florida)Loss of income insuranceLegal Structures:While you've decided against using an LLC, consider consulting with a local attorney specializing in real estate investments to explore other potential legal structures that might offer protection without the tax implications you're trying to avoid.Property Management:Given that you're based in Europe, consider hiring a professional property management company to handle day-to-day operations, tenant screening, and maintenance issues.Market Research:Thoroughly research the specific areas in Florida where you plan to invest.

As long as you can log more than the applicable 750 hour and  spends more time in real estate than in anything else you should be good.

I own equity in two different syndications, one managed by Brian Burke's (Hands-off Investor) Praxis and another is managed by Robert Kiyosaki's (Rich Dad Poor Dad) property manager MC Companies. 

Requirements for becoming a lender will vary from state to state, but at minimum, whomever operates/manages the company will likely have to meet industry experience requirements and will need to meet capital/bonding/licensing requirements specific to Texas.

Can anyone personally recommend a property manager in Hemet, San Jacinto area?

Risk Tolerance: Commercial real estate often involves larger investments and higher risks, but potentially higher rewards.Expertise and Resources: Commercial properties may require more specialized knowledge in leasing, property management, and market analysis.Market Conditions: Local market dynamics, including vacancy rates, rental trends, and economic forecasts, should influence your decision.Ultimately, both commercial and residential real estate can be profitable investments when approached wisely.

Negative cash flow means your rental expenses exceed rental income, which could impact your finances if not managed properly.