@Jake Posner- thanks for the post ...if you plan on needing financing for the rental proeprty - make sure to get  fully pre approved  for the hypotehtical  scenario you are planning ...use a loan officer or lender that is licensed is all the states  you are looking at . thanks 

I also have a primary residence with nearly a JUMBO loan at a high interest rate and I own a vacation place in cash (small trailer not worth much money but i also own the land) in a different state that I pay RE taxes on. 

I even got an email from a private lender offering a loan AND the collateral due to the borrower burning through capital and now they are stuck with it. 

If I’m going to use a combination of hard money and conventional (maybe FHA) loans, I will need a LLC for hard money eligibility anyways.

They can and often will say 'no' but if you can just get a 'yes' on a single digit fixed rate you're probably better off than any personal or consolidation loan you may get.

As to the second one, they and others (not that long ago) used to advertise fixed-rate loans at 2.4% and 3.6% interest rates.

From our research, it also seems that we could use bonus depreciation and/or 179 deductions to depreciate a lot of a property, improvements, etc., in 2024 to create a net loss to offset the income of our LLP, so long as we are active in a separate real estate investment business that we start for the purposes of acquiring property this year and operating the property/properties moving forward.

Most banks have restrictions and a Clause where the mortgage/loan becomes "Due on Sale".The biggest benefit of going from personal to LLC is to protect your assets against a law suit due to an injury or death by someone renting or using the property.

Can anyone recommend a good property management software solution that tracks seller financed loans (i.e. properties that we have sold with seller financing), along with tracking the rentals?

We have one that offers 10% down and 30-year fixed as a second home loan as well.