The servicer's don't cover this area as long as we are showing great profits I'm fine rolling the coins.

In terms of location, I'm thinking Manchester would be the best fit for appreciation AND cash flow, but am open to others as long as the numbers work. 

Although I own them, they are pretty much passive as long as I maintain good tenants.

As long as your PM is good you should be fine. 

As a Financial Advisor I can do the job from almost anywhere as long as I have an internet connection, so the cash flow would be added to my salary.

At the end of the day, I am a buy and hold investor so I am all for accumulating as much properties as possible as long as they are profitable otherwise you will be supporting that property out of your own pocket every month, which limits your growth dramatically. 

That being said as long as you don't finance it with a method that requires it to be your primary residence for a certain period of time, go for it!

@Amy SilvaAs long as you don't "screw up" your mortgage payments, you are probably okay.I was say you should check into potential gift tax issues should the irs audit you. 

.), so long as I solely own the LLC.

But until then, as long as your debt-to-income ratio is at or better than what your lender is looking for, than you should be able to buy a second and renovate.