I'm talking 13-15% average annual returns at least, and ideally 17-20% + annual returns through real estate.If I'm zooming out with that lens and looking for that type of return, I need to think about the long-term and how I can build a strategy that has a high probability of producing that return long-term. 

You own the LLC, thus the property so if you live in it, it ceases to become an income producing investment property.

I think you are expecting too much from someone that wants or needs to rent in a MH park.I'd try meeting with applicants and taking a paper application.Run their background check and look at their credit score, criminal and eviction history.You may have people that get paid cash and can't produce a w2, they may not even have internet access or a bank account.I think a credit score and trying to talk to a previous landlord is the screening you need to be doing.Collect a larger deposit to give you a bigger buffer and see if you can't find some people that will turn out to be good tenants.File an evictions on the ones that are behind.

Enough for a 20% down payment and healthy reserve account if needed.I'm super excited to start digging into the world of real estate and wanted to tap into the community for any words of advice, or resources/books that have helped you the most. 

Look for deals where the NOI can carry the debt with a healthy DSCR day by year 2 without a reliance on year 3 refi or exotic bridge debt.

I know there are also more details that the decision to file this as a primary residence or break up the income producing parts of the house such as: ability to write off mortgage interest, depreciation amount, tax benefits at future sale in the future.

I was attracted to Buy & Hold because i want to generate cashflow and start setting up a foundation for more fun and lucrative RE projects and a healthy retirement income.

If the original poster's forms an LLC in a state other than Texas, and then the LLC is doing business in Texas by operating an income producing property in Texas, it's still going to need to be registered in Texas (as a Foreign LLC).

@James Purvis Buy another cash flow producing property!

.), and how healthy is the HOA financially, ie: are they adequately funding reserves for capital improvements (roofs, paving, etc.) and are there any current special assessments?