For added security, consider umbrella insurance alongside the LLC. 

I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.

Sellling you courses or charging money to join their members only group with their tried and true secret method.. the lenders, the insurers, be carful.

Starting small with a single-family rental in a stable market can be a great way to learn the ropes.

Just remember that $70 is the gross number they charge , they have to buy supplies , insurance , tools , vehicle , gas , workmans comp etc . 

In each category, note how much you are bothered or stressed on a 1 to 5 scale, with 1 = not bothered at all and 5 = stressed out: Pain Points Stress1 to 5 Pain Points Stress1 to 5 Unit turnover Exterior maintenance Advertising for available units Deferred capital expenditures Tenant screening rules Plumbing or electrical emergencies Tenant selection / discrimination rules Mortgage payments Documenting move-in conditions Bookkeeping and bill paying Documenting ongoing conditions Taxes and insurance premiums Dealing with tenant complaints Risk of late payments or non-payments Dealing with neighbor complaints Risk of property damage or vandalism Mold, termites and rodents Premises liability Interior maintenance Evicting tenants If your completed table has mostly 1s and 2s, then congratulations—you are a happy landlord!

Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount. 

The highest appreciating markets and those with the greatest rental demand/price- like those in Florida and Texas - also cost more to acquire and insure. 

For bookings, I recommend FF, Airbnb/VRBO (30+ day stays), Zillow, Facebook (can depend on the area), and websites like ALE solutions for insurance placements

Keep in mind that your mortgage terms and insurance premiums will probably be less favorable in an LLC.