The main hurdle that many of our borrowers face are the income aspect of it, especially expensive markets like the West coast.

I mean once you talk to them, it's pretty easy to spot if they know what they are talking about.I've work on STRs before and to be honest, it is not the most fun aspect of accounting because the volume of allocating income from all sources (airbnb, vrbo, stripe, direct booking, and so on) to a bunch of random expenses (cleaning, supplies, repairs, advertising, commissions, and all typical real estate expenses).I had to strictly rely on the client's input on what the expenses belong to which property or even units, if the paperwork doesn't say. 

Everyone has already chimed in on the protection/ insurance side of LLC's, but one "fun" aspect of creating separate LLC's for each property is you can open up a credit card for each of those LLC's and easily keep all expenses on those property specific credit cards while racking up points and using those for travel and such :) This is a great forum thread and question!

It is a great place to meet new friends and learn about various aspects of real estate and more.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersWishing you the best!

So it's maybe not even so much a state being landlord friendly, but more what's the aspect of the county and kind of what's their take on landlord tenant, , interactions, legal proceedings and so on and so forth.

Risk management is another crucial aspect.

This document officially releases the property from the lien created by the Deed of Trust, and the borrower regains full ownership of the property.It's important to note that the specific terms and legal requirements for Deeds of Trust can vary, and it's advisable to consult with an attorney or a real estate professional in Texas to ensure that all aspects of the transaction are properly handled and in compliance with state and local laws.

They can also help you determine the financing options available to you.In terms of the construction aspect, it would be beneficial to speak with a reputable builder who has experience in constructing multi-family properties.

Very reassuring as I am familiar with the palm coast area and south of it but not too familiar going north from a rental aspect.

(What aspect steers you away from using a professional manager?)