If you have enough personal saving or cash flow, you do not have to leave reserve in there.From tax / legal perspective, there is no pericing when you take that money out. 

As you do more flips, you will want to elect your LLC to be taxed as S-corp to save on SE tax of almost 15% on your profit. 

Saved me a trip.

Rents were WAY under market at $2,400/month + the previous landlord was paying their electric up to $300/month (which, not surprisingly, the tenants made sure to maximize monthly).

It would save families from trying to navigate San Antonio and make it to the events on time; It would allow them to spend more precious time with their graduate-because time with their sons and daughters and siblings and spouses is very limited on that weekend; and it would provide a year-round opportunity for you to keep the unit filled and cash flow.

I've not yet done the math to determine which strategy would save me more money, but the big cons of this areNo primary residence, therefore slightly higher interest rates, 20 - 25% down (but depending on the market, this may very well be equivalent to 3.5 - 5% down in LA).Depends on the quality of tenant screening, but it's probably safer to assume that they won't take as great care of the property as I would.Probably need a property manager, professional or tenant.Either strategy seems to net me the same cost around $1,500 monthly, but I'm biased towards Los Angeles as I can rent to friends which solves a lot of the tenant/landlord issues.I'm not looking for anyone to give me all the answers but would appreciate any insight, food for thought, and constructive criticism. 

Also, if you guys plan to do this more and more, try electing to be taxed as S-corp to save almost 15% tax on your profit. 

I have money saved but do not have enough to buy in cash. 

I have plenty of wealth in investment accounts to cover the purchase, but I'm trying to maximize my passive income, so I'd like to leverage a mortgage using my current income to pay for as much of the property as a I can.

Want to save money on that and your other office supplies my contact info is below.ATTORNEYS: You need to have an attorney represent your business entity in all court actions.