LLC vesting is costly to register annually and file extra tax returns. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

If you're increasing your P&I by $200 you're still doing well cashflow wise and now you have an extra $40k to purchase more properties that will also cashflow.

So will need to find yourself a good GC.If you wanted to get into BRRR instead of going FHA each time you can possibly consider hard money then go to the bank if the deal has good equity and refi out without any extra money out of your pocket.

Meaning, we expected the appraised value to be high enough, that we could take a loan out that would both cover our hard money loan (purchase and rehab costs) AND take some extra cash out.

They can also add in extra expenses that you do not have added in like snow removal or landscaping.

Taking on money from other investors adds an extra layer of duty. 

I'm glad you have that extra sources of income to help you build your dream.

If anything my understanding of having a property in an LLC adds an extra layer of protection from tenants trying to sue.

Once that happens you can always take out equity to move it around to pay off any and all debts.There also little things you can do to pay a mortgage off or down faster just by playing with the payments, Bi-Weekly, extra payments per year, lump sum.