Many people don't properly run LLC, so they have an illusion of security more than actual security.My best advice is have good liability coverage limits on your insurance.

Does updating a bathroom or kitchen add more value to a single family home? I'm considering updating one or the other with a complete tear down and renovation of that specific room. The other I would just touch up. Ha...

I saw Rocket Mortgage and Guaranteed Rate, but that was from a limited search.I am also curious about other creative ways to get lending so I can be that guy who makes the cash offer and not always losing out to the cash offers. 

The buyer broker has a premium service model and the listing brokers have a volume model.Often the buyer brokers that will work for small fees tend to have few years in the business and very limited knowledge and experience to evaluate properties.

I have a good grasp on financing and the types of financing but Brandon brought up a point regarding the limit of homes that can be financed. 

From my limited experience (as a non-lawyer), judges will rarely enforce specific performance on behalf of the seller/force the sale of a property. 

Banks won't lend on it like traditional investment properties and often times unless it is agricultural or recreational, there will be limited income generated by the property until you sell it or develop on it.

Do you have weight limits?

If youre AGI is over $100k-$150k you can deduction a more limited amount of those lossesIf your AGI is above $150k you can not deduct any losses, they CAN offset other passive income sources if you have them, or they carry to the next year and will do so until you are in a position to use them. 

My concern is with a low downpayment and high monthly cost $3844 (PITI, HOA, PMI, utilities), this would limit my ability to ever rent out to a family if they don't allow individual leases with multiple roomates.