I know that the property management it's not a primary consideration but I share it with you cause I have a very good and reliable team in Orlando so I'm sure they will save me a lot of money if they will take care of the properties.I'll be happy to get advices and detail info from a local investors in those cities. please be specific including neighborhood names or zip codes where you think will be the best to put the money in. 

(these are all private (not shared) places.)

I will try to track all expenses to share my whole process with you.

Question 3: Any success stories you'd like to share with me?

., while I go through the process, I’m happy to share my experience.

Yeah I think you're weary of insurance company cause you hear a lot of bad experiences which is more vocal and shared than success ones.

The LLC (being taxed as a partnership), will report the property's gain on its LLC tax return and will issue Schedule K-1's to each partner/member reflecting each partner/member's allocable share of the property's gain.The LLC (again taxed as a partnership), will not actually pay any tax, the LLC partners/members will actually pay the tax on the property gain at their reporting level based upon what was reported to them on their respective K-1's.

Just wanted anyone who has gone through this to share their experience. 

The people here have a vast amount of knowledge and are more than willing to share their experience and provide sound insight and advice.

It depends on how far away you are from having the money for a down payment, you might try peer to peer lending like Lending Club or even something like Realty Shares where you have less control over the real estate but a lower barrier to entry.