I believe a major factor would be your current equity position, and how much you can actually draw on.

So factor in another $450/month for management (placement of the tenant plus monthly charge). 

You are asking us to make a determination based on 1 of many factors. 

I know STR's that don't have pools don't perform nearly as well as one that does so factor that into your rental comps. 

There are eligibility requirements- "The more of these factors that are true of a home, the more likely that it is your main home.The address listed on your:U.S.

Just make sure you factor into your figures your CAPEX, Vacancy, and Management if there will be any.

I have management fees factored into my variable expenses so the money is not the issue.

If we factor in the lower interest rate and losing the mortgage insurance, even with the higher mortgage amount, the monthly payment itself for the house and escrow should only increase by about $40-$50 a month!

Discussion of LLCs is a big topic and filled with many factors with no 1-size-fits-all solution. 

@Jeff He for example closing costs are one of the factor and the amount of paperwork we have to do with diff lender in diff state, if I can do the same on a fourplex in a single parcel or focus on a 10 unit complex - i think that would concur only one time i guess.