Hi Skyler I’m an adjuster for an insurance company and handle homeowners claims.

I moved over from the Seattle area 10 years ago and the first few winters were SHOCKING, but I've adjusted well. 

Not only are you going to get 2 mortgages paid off you will also benefit from appreciation on 2 properties instead of 1.

For a more passive approach but still with potential tax benefits of long term ownership I would probably invest in an outstanding sponsor's syndication or NNN commercial leases.However, if the only capital I had was borrowed from my home, I would address that issue. 

The beauty of it is that you can run your numbers and keep adjusting them until you know exactly how much you can pay for the property.

After my last trip I have to admit the concerns outweigh the benefits and I am going to sell the boat up here and use the money as down payment on another rental.  

@Carrie AngyalWhen you have an inspection and ask for adjustments, the original deal is null because you no longer have a meeting of the minds.Moving forward means both parties have to agree to continue.

You may have some liability protection for assets not held in the LLC and check with an accountant for any possible benefits from the new tax law.

Now that I know this, my strategy moving forward has adjusted drastically.From what I understand this rule is enforced on conventional loans depending on the bank and LTV. 

That is the primary benefit of a LLC 99.9% of the time ........