Are you capable of putting together a good business plan for the property and carrying out the business plan?

I also have to post "Swim At Your Own Risk" signs and provide rescue equipment.   

Wouldn’t be better to protect your personal assets,’for a LLC fee than risk a lawsuit?

Then as I become seasoned, I'm willing to ramp up the amount of capital I put at risk.

I also don't want refinancing risk, so any deals with only 3 to 5 year debt are out for me.

Each step is not easy for me, however, for the benefit of use the $250,000 LOC over and over, this risk is worth to take, and I need to buy and read more books, and lay out a detailed plan before putting into action.Thanks again,Yuqi

Geared more toward lifestyles of the demographic and will help an investor avoid the risk of vacancy. 

If you have a good credit score, reliable income, and a decent DTI ratio you can carry up to 4 conventional loans.

Many do this, but it's at their own risk.

Claim these expenses on Form 2106 or Form 2106-EZ and carry them to the appropriate line on Form 1040.