I actually have one right now I'm doing. 6 unit with two garages I bought here locally in Central PA.

I've also considered properties where I could create two units to increase my revenue that way, but those types of properties are very expensive here. 

I suggest one of two options. 1.

Wouldn't buying 1every year or two make sense if you can come up with the downpayment?

Otherwise, you'll regret it.Plus real estate isn't an intrinsic, nor is any physical asset, ball game.

They could be traveling for work or for personal reasons (I actually rented a place off Airbnb in Billings, MT during football season when my son played football in college so I could be there for his games.)

@Christopher Pridetopher Pride I just want to throw in my two cents.

What is critical is to understand that two high-income earners cannot reduce their taxes by investing in traditional rentals.

When looking at an LLC, or any entity structuring, there are two angles to consider: tax benefits and asset protection.I frequently see asset protection lawyers recommend an LLC for each rental property owned for liability purposes.

Buy a similar property in a similar area (because you know the market) then you have two properties that will cashflow for sure.