It sounds like a DSCR cash out refinance would good option for you as you can be in an LLC, no DTIs, and there are no concentration limits when it comes to how many you can do. 

I think I'm a bit of an oddity in that I've been researching personal finance and real estate for years (still nowhere near an expert), but have never taken the step to reach out on forums to like-minded peers.

With so many resources available, 100% financing programs, down payment assistance programs, urban development programs, places where sellers are begging you to buy their homes, and platforms like this for free training and guidance why do so many people who want to get in REI fail to actually get their first home under contract. 

Definitely try to owner finance your way into a great first deal

How did you finance this deal?

I live in the Virginia Beach area, but I'd be happy to chat about the market and the construction loan options that are available (lots of challenges with these) and of course a mortgage broker is who you ultimately want to talk to about loan options based on your goals!

.- There are options for suites and adjoining rooms, which have been popular options for people bringing families because they love the idea of a tax write-off vacation!

In Maricopa County, encompassing Glendale, Mesa, Tempe, and Chandler, you'll find diverse options balancing affordability and rental potential.

A trust may offer some of the same benefits as an LLC, depending on your goals, and allowing you to claim the part of the house you live in as homesteaded tax.Make sure you have the right home insurance and consider an umbrella policy for extra protection.Certainly buying a house, using conventional financing with limited money down as a primary residence and renting out parts of the house to help pay the mortgage, is a smart financial move.

Negative cash flow means your rental expenses exceed rental income, which could impact your finances if not managed properly.