My wife and I are about to close on our first home.

It is my favorite way to invest and I do get properties with a good portion of equity from day 1. 

Plus, the mortgage rate is still high and I am not kin to pay the high interest either. 

Maybe set up the LLC as a property management account and use that to operate your rental business.

. - Of course, this assumes you are managing the property with free labor. 

I'd like something that I could manage from afar when I'm not around.

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

. - keeps garbage out of house and I could put a ping pong table for guests The cons would be: - higher cost to build - less cash flowLooking forward to any advice!

My current property manager wants to charge one month's rent (plus 10% of all rents) to manage a property newly vacated.

These companies typically handle the construction and sometimes even the property management, which can be a great way to enter new markets without needing to be hands-on.In terms of returns, BTR properties generally offer stable cash flow, especially in areas with strong rental demand.