Howdy BP, If you were an investor with $2-4M to invest (leveraged against another property at around 6.5%) and looking for the lowest energy and management input but the highest free cash flowing asset, what and where would it be? 

Where do you think has less saturation and more opportunity for LTR?

When rates came down we also did a couple of cash out refis on appreciated properties where we also took the proceeds and paid down other notes - again increasing cash flow by paying off higher interest rate properties with lower interest rate refis.

Further, my understanding is that it is possible to create a multi member LLC with yourself and a corporation as members, where you're the corporate official(s) - but we're getting fairly deep into the weeds here.Note that I'm just a lowly landlord who has attended seminars and implemented some of what was taught.

Would you suggest it be better to use an attorney in closer geographic location to New Braunfels than Houston where David J.

It's incredible the difference can make just investing in the state (sometimes even the city) next to where you're looking.  

The appraisal came in at $120k where the purchase price was $78k and $22k reno cost for all-in of $100k.

Your own corporate account - this is where management incomes will paid to you.2.

It is easy to show a situation where someone has a rental loss on the Federal return but has significant positive rental income in a state with no state sourced passive losses.

We didn't expect the fact that insurance should cover short term rentals but raises a red flag for lending during the 30-60 day period after closing where they make sure you're not using the home as a rental.