I understand cap rates are not fixed or mandated to be a strict number. 

Make sure you understand how this income affects your personal return.

I understand that the age and quality of the home will impact when these expenses become due, but I'm curious if I could get somebody in the Austin area to take a look at the estimates I put in here: https://docs.google.com/spreadsheets/d/1jgP6aod25qWJzKWQXhto...

It is my understanding the law still allows rental caps at 25% or greater (cap cannot be lower).

I will be traveling to the 2 locations next month and want to get an understanding from someone who has done this how they approach it. 

I can understand your viewpoint.

I was under the understanding that this would be for an additional investment that would be non-owner occupied.

It was a great feeling to see my investment grow over time and know that I was securing my financial future.In this article, we’ll explore how you can build passive income streams as a real estate investor.Understanding Passive IncomeBefore we dive into the different ways you can generate passive income as a real estate investor, it’s important to understand what passive income is.

I don’t understand why my request is denied.

It's my understanding that a single member LLC doesn't really change taxes.