Quote from @Melissa Rivera: When a tenant is late, your policy should be that payments must be in full and with a money order or cashiers check.I would contact the tenant and tell them you will not accept or cash the personal check.

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

Capital gains with cash is bad.But I do recommend partnerships for most STRs for a handful of reasons-https://wcginc.com/kb/rental-partnerships/

I am using an app for wholesale listings in my area but even those won't cash flow as buy/hold (it is more for fix/flip).

Did you pay cash for it?

I will have about $200,000 of my own cash invested.

Therefore, even if I obtain a good value for the surface yield, it's possible that the Net Yield is unexpectedly low due to unexpected expenses.In Japan, the ideal yield varies depending on whether the property is new or used, the bank's interest rate at the time, and the real estate market conditions, but if the real yield on any property is 10% or more, the property is reasonably profitable and the cash flow is sufficient in many cases.

Reason for the LLC is I have 180k of equity in this home, additional 150k in retirement savings and another 60-80k in cash in my bank account and I want to make sure im protected if I rent it out and the renters sue me (im told that is a thing) - the nw home would become my new homestead2) Put a heloc on the home (im told I should be able to get about 100k on top of about 60-80k cash I have), keep it as my primary and use the money as a downpayment for flips and either payoff upon completion or put a tenant in and refinance out3) Refinance out 90-100k from my current home, mortgage payment would go up $300 per month ($3600 a year) and just use that money for flips/buy and holds or even just stick in the S&P at an average of 7-8% return so I am making 3-4% more on my money then it being in the houseI am super new to all of this, have been saving my pennies up for awhile and need to get going. 

Like many, you can use a HELOC in the US but, for an investor, that's the same as paying cash.2.

Purchase price: $50,000 Cash invested: $33,000 Sale price: $133,000 "Join us for exceptional returns!