I've owned the property in my name for about a year and I just did a quit claim to transfer the property to my LLC that I created.

Lenders usually do not lend against real estate when the owner holds a tax deed because the tax deed does not create marketable title, or enable issuance of a title policy.Quiet title actions are court proceedings that ask judges to enter orders stating a grantee holds superior title to a property.

Recession resistant asset class (people downsize, move in together, move back home, etc. during recessions)Cash flowing asset (not dependent on market appreciation)People buy a lot of crap and toys during good economic times (and need a place to put it)75% of the facilities in the country are owned by non-institutional owners (opportunity for adding value)Small ($10-30) rental increases create large increases in NOI and property valuationSticky tenant baseUnits are easy to maintain (brick and metal, no amenities, little landscaping)Location, population growth, and barriers to entry matter. 

We dont have this in NYC (because its strictly illegal to do anything <30 days), but I have to create a new account for each property. 

I'm looking into creating a secular sober living home here in Austin and this looks like great info to have.

As long as it's utilized correctly, under leveraged, and viable from a financially defensive position, you can create tremendous growth - faster than you otherwise would have. 

I would stay away from the lower mainland for the next few years unless you truly find a deal (or create your own deal by writing letters to home owners and see if anyone is willing to sell at a discount). 

My goal is to create generational wealth by investing and learning as much as possible to pay it forward.

Quickly learned its completely 2 different areas and I want to be focused on investing, my goal is to get started in buy and hold rental properties to create passive income and financial freedom down the line.

You can structure it to where the tenant is responsible for all the repairs but be careful, if there is a major repair right after they move in they may think that you sold them a lemon of a property with pre-existing conditions that were kept secret and that could create big problems for you.