Hi Kenny-Great question about whether you should put a house you plan to live in and rent out parts to others in an LLC.Certainly putting it in an LLC would help with asset protection and limiting personal liability.However, you may lose the ability to claim the part of the house you live in as homesteaded tax rather than the higher non-homestead investment property tax for the entire property in an LLC.

Purchase price: $550,000 Cash invested: $1,050,000 7-unit new build to rent What made you interested in investing in this type of deal?

Some thoughts - garages or carports, for extra income from tenantsIf you have the ability to add a second driveway, consider trailer / boat / rv storage in an area enclosed by a privacy fence, or even garages to be rented to non-tenants for cars / storage.

So far I like what I've heard on podcasts about these build-to-rent properties and would love to hear from anyone who has dealt with them and their FL properties. 

The average monthly rent for ltr is $1650 and the monthly piti is $1770.

Otherwise a typical DSCR loan based on market long term rents should be sufficient to qualify? 

At least in terms of rent, college students are paying 1100 - 1600 to rent by the room.

-Wholesalers lying about values, rents, etc.I firmly believe that those "wholesalers" are idiots.

Renting the upstairs as a MTR or STR would cover the mortgage of the property. 

Most of my tenants pay close to $20,000 a year in rent, it’s a small price for me to pay to ensure their safety.