We househacked these with only 5% down, and now they are full functioning rentals that have appreciated tremendously (50%+) since we bought them.

Make it decorative and non functional.

I agree that certain things need to be functional before move in or arrangements made.

Goals for this deal:- secure precisely 3 units within 1 mile of Rillito Bike Path @ Dodge Blvd: easy to access all major Tucson road cycling routes- property layout functional for STR: adequate parking, separate backyard spaces, etc- walking distance to Brandi Fenton Dog Park & Tucson Hop Shop (best bar in Tucson)- pay house cleaner & landscaper to periodically clean primary residence out of AirBnB income (still working towards that!)

Perched against private hill side, this house features thoughtful finishes and functional living spaces!

Because you are replacing a functioning piece of a building before it is necessary i.e wasting the resource(roof) you already have. 

It usually becomes an issue, when things start to break and non functional.

Biggest item is the anonymity. secondary would be the charging laws that WY offers.I figured to have an entity formed in AR because if not from my research you would need to qualify a foreign entity in AR so figured it might be easier to just form an AR LLC to hold the prop, and then it roll up into a WY that would function as a HoldCo of sorts and ultimately achieve my goal.will note that tertiary to this would be protection from each of us internally.

Now - these homes are functional and rented.

Additionally, rates are significantly higher now than they were a year ago, so the actual cost of buying a house is higher.The capital markets are still functioning well and debt is still available, it's just more expensive than it was for the past few years.