Naturally he's trying to persuade me to move forward, but I know there is no reason for me to rush.

I want to lean towards Series LLC due to the nature of it being easier to setup new "child" LLC entities under the main "parent" LLC, if i am understanding how it works.

In addition, the higher the class of property, the better the tenant and typically less damage.My issue with the BRRRR method is not the tenant turn over, maintenance, or cap ex (I factor all those into my projections) but the low LTV of refinance combined with the conservative nature of refinance appraisals.

@Mike Dusenka we renovate the apartment when a tenant move outs so they occur naturally.

If you are completing a background check for work, rental applications things of that nature would be soft as they are using your score, but not actually extending you credit....where my logic falls apart is if open a new account with Cable company (ie Comcast) I believe it is hard inquiry...I seem to remember this being on my report.  

Naturally, to circumvent the system, there are many landlords that are bypassing this process to save registration and other fees. 

I'm working to make my first transaction in the forthcoming weeks/months, so naturally a little nervous, but also enthused and excited!

There is always a path, and I’m just a devils adequate on trying to fully understand if a concept will apply in reality.Another example, p55, he buys his second 4-plex for $80k again.

@David Nacco - first make sure to account for the following expenses in your calculations:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance a) Property Hazard Insurance (0.3-0.45%) b) Flood Insurance c) Earthquake Insurance d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) a) Water § Sewer § Garbage b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%) a) Upkeep § Landscaping b) Snow removal c) Repairs d) New Appliances e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...

In the FHA guidance issued in 2013 in regards to this issue it states a landlord can deny an emotional support animal if the accommodation “would fundamentally alter the nature of the housing provider's services.”