Future & the Availability of Rental Opportunities

[Nef Ojeda]

Hey BP members, 

My wife and I are diving into this world of Real Estate investing (single/multi-fam or house hack) and we are studying and cramming as much information as we can and naturally we have a few questions. For some context - we are within 3 to 6 months of crossing over to the right side of the quadrant.  

A few of our questions below:

(1) How saturated is the market with what we perceive are many pursuing the same goal of REI?

(2) Let's say our first crack at this REI works really well and we want to continue growing our portfolio, (which is our intention) will it be more difficult during these turbulent financial times for a newbie to build a strong and steady portfolio in comparison to past economical downturns?

(3) When does one need to consider having an LLC?

The questions above are coming from a perspective of individuals who are not investors yet are on that path. So if the questions above are a tad unclear or misplaced we will accept all constructive corrections and opinions or a better redirection of what we were trying to ask.  

Thanks for your time and any support and expertise you can give.
:Nef: