I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

One of our rentals (Michigan) has been being rented for $1300/month, the mortgage is $618 so it has cash flowed well.

Drive around a bit as well - there's still a lot of regional players in billboards if one is operating in your market chances are you'll do better with them. 

Hello Jeffrey, thank you and id love to connect as well!

@Caroline PowellAnother thing .... make certain your selected contractor is very well versed on 203k's.

While you are at it, learn how to manage your properties well because a large percentage of investors lose tons of money through rookie mistakes with non-paying tenants, unscrupulous contractors, long vacancies, etc. 

I'm confident that many private money lenders on here would love to help you, and I would be happy to assist you as well.

They are doing it because the lender is requiring them to, so might as well spin it into conservatism and positive messaging.But at the end of the day, the bigger tell to me, as I am learning the hard way, is fees.  

I have properties in 5 of these areas and do quite well.

We have the opportunity to purchase a beautiful, well established STR in an up and coming market.