I would suggest buying another LTR where you are and then next, pull out some equity to purchase a MTR property.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Then go pull their booking calendar for the next two months and see what the bookings look like.

I'm not satisfied with not filing the rental in an LLC simply because it's more simple and might cost me an additional filing fee .

I guess it's just too many factors to consider and it easy to get overwhelmed and cannot get accurate info and estimation when I conduct analysis (ex. property tax rate, insurance, maintenance fee, rent, repair, closing cost, etc.) 

If someone doesn't pay their rent, then it can take over a year to evict them, and then I'd be left paying that mortgage and fees for a lawyer, etc.

They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol

The tenants are not pulling/spraying weeds around their building, so it takes me about 30 minutes every month to pull weeds and spray.

No social or credit pull needed upfront. 

If you’ve considered a cost seg study in the past but they were too expensive, times have changed and the fees have gone down significantly.