In the time it took you to create an account on BP could have yielded the answers you’re looking for.  

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

My father-in-law is also considering creating an HOA and selling each unit as a condo for $350k which would be $2.1M.

Consult a CPA to ensure compliance with tax regulations and explore strategies that align with your goals, such as providing for your mom while managing tax implications effectively.This post does not create a CPA-Client relationship.

Maximizing cashflow becomes a strategy choice that accounts for your market and tenants.

It is easier to train assistants and staff if you are only doing STR or LTR.

You rent it for one year and create a successful STR business that shows a trailing 12 month net income of $75,000.  

.- If you decide to have an LLC for each property, creating a Management LLC that all the other LLCs "hire" to run their books, will allow you to only require a bank accont for the Management LLC.2) You may not be able to do a Trust.

Any location or decor can create a great ROI depends on the purchasing price.

I'd think about creating a very specific buy box and show why agents would be interested in working with you.