I like to think of it like playing Roulette so you have chips on Black and on Odd. 

You will need to play very "by-the-book" to make sure that you don't accrue code violations and fines in your personal name as they will be substantially easier to prosecute against your individual person vs a corporate structure.

Flite came about as play from our previous LLC names deriving from airplanes.

Courts may favor the Buyer over the Seller when shenanigans like this come into play. 

There are a couple of things at play here.

David cash purchase can get you a refincnace with cash out as high as 80%.Your fico score will also come into play here.

There are too many variables in play, some are tangible and some are intangible.

While TK may require little of your time, switching to an active role of a syndicator or even buying a commercial MFH will require more time from you. 2) Your personal "Why" will play a significant role in executing the plan of being an active real estate investor.

The other factors that play in the analysis are CapEx, property management, mortgage, etc. 

Again it matters who you are borrowing from or if house hacking or partners come into the play.