Investor newbie, now in Louisville, KY

[Trysh Wahlig]

Hi, my name is Trysh. I moved to Louisville, KY from Chicago, IL about a year ago. We really like it here, and I am interested in renovating and selling homes as an active income strategy. 

My background is in art and design, and I have enjoyed overseeing major renovation projects at each of our primary residences. I love homes with history and architectural detail and Louisville seem to have an unending supply of these. Being new to the area, I am not sure which are the wisest areas to pursue, so I welcome thoughts on the best areas to invest, or more broadly frameworks about how to think about a good deal.

I am also interested in advice on the basics of setting up an ideal REI business practice. I have heard that I should create a trust to protect family assets, and that there are serious implications based on which corp structure I choose. Any advice on reducing exposure and risk would be helpful.

Thanks in advance for your time and advice,

Trysh