I'm looking to connect with people who are like minded in the Oneonta area.

I'm in a small town so the people aspect is a huge consideration. 

There are people that do flipping in other states while they live in another state from the projects and they are successful, but they have built a team while doing it. 

Lots of times you will have people complaining about noise even if you disclose it on the listing. 

Debt reductionLots of people only consider the first option. " I am not putting any money in to my pocket month over month."

People just don't know what they don't know and there is a lot more to real estate transactions than looking at Zillow and using the state form to fill out a contract.   

But, a lot of people like that.

Then when you have enough money for the 3.5% down, buy a place that you can live in and rent out spaces to other people. 

There are pros and cons depending on your goals.Why an LLC Might Be a Good Move• Helps protect your personal assets in case of a lawsuit• Makes it easier to bring in partners in the future• Keeps your real estate finances separate from personal accountsWhy It Might Not Be the Right Move Just Yet• Most traditional lenders will not give a mortgage to an LLC, so you may have to use commercial or DSCR loans, which usually have higher rates• Some people assume an LLC will save them money on taxes, but rental income is still taxed as pass-through income for most investors• There are extra costs like annual filing fees and bookkeepingA lot of new investors get stuck on this decision, but the reality is, you can always start out in your personal name and transfer properties into an LLC later.One more thing I wish someone told me early on is that property management takes more time than you think.

Also, I’ll be in the area for the next two weeks and would love to connect with people in person.