Now it's not a guarantee that your property will ever be worth a million dollars but If you combine this with a good paying job and a retirement plan that's diverse, you'll be ahead of the game. 

Those two things, combined with the increased tendency from buyers to waive the home inspection puts me at a huge disadvantage so just trying to find an edge somewhere. 

@Monique Stewart of all the markets that you mentioned, personally, I think Kansas City has the best combination of cash flow and strong economic and demographic trends.

I have learned so much from the community on BP combined with what I already knew about RE but thats just me as an individual, self taught.

And secondly, which one will be less paperwork in combined hours?

Some version of builders risk...sometimes combined with vacant property.

Just a little bit of basic modern remodeling and I'm good to go.

Combining two K1s under a new LLC does not accomplish what you want.

I'm not an electrician but with today's demand for electricity to run computers, TVs, appliances, I don't if knob and tube can handle the load of a modern lifestyle.

With this structure we have not been turned away from lender because we are Canadian, but have found an increased difficulty with refinancing our rentals with ARV of $60,000.We have a couple more lenders we are talking with, and have determined that by packaging our two SF rentals together to create a combined value higher than $100,000, we have achieve refinancing.