Short Term Rentals?

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Would love long term rentals paying my dividends but old homes in Florida area give me stress that one year it can all get wiped out with nothing to show from it. 

The townhome has appreciated in value to about $350k (per Zillow and RedFin) over the few years I’ve owned it, so estimating $150k in equity, about 45:55 self to bank equity ownership.The townhome now has a leak that has lingered and gotten worse over the few months waiting for an insurance claim decision, ultimately being denied coverage so now I’m stuck with having to cover the entire expense.I’m also considering selling the property once it is fixed so I can take the funds from this 1 single family property in Houston to apply towards funding a possible multi-family property in Austin, TX.The quotes to fix are around $15k-$20k, which I’m not excited to just pay out of pocket, nor do I think I really can at this point in time.

I have 3 doors (long-term SFR).

And you need to take care of more basic things first, otherwise slapping an LLC on top isn't going to help.Note: Asset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2 e. 

Where do you think I stand in terms of my contingency and EMD. 

You can get money on these terms from anyone.

I focus mainly on smaller multifamily of roughly 10+ units that are non-professionally managed.This has allowed me to negotiate better deals with great terms.

As a result, it seems the value is really just very long-term and if we sold it in the future, any repairs and taxes would cancel out much of the gains (depending, of course, on the pace of appreciation -- who knows what that'll be?).