Best of luck on your journey! 

I did a 1031 exchange for two C class townhomes I sold to one of my investor clients from the West coast.

I have often seen many people love the idea of building, but once they figure out the cost, those ideas change.For reference, here in Chicago, you can expect new builds to be between $200-$275/SF depending on MANY factors...that's just a very rough ballpark!

By purchasing a multi-unit property, living in one unit, and renting out the others, you can cover your mortgage payments and start building equity while gaining rental income.

Two of your questions will be more situational and location based.We don’t ever haggle on pricing, although I would suggest being flexibleWe check credit, criminal history and everything that goes along with that, evictions, and income.

I would like my first couple of investments to be simple and easy and then move on from there. 

I was thinking Form 8832 is the one, but I am confused when I get to question #3 since this entity is technically owned by more than one individual.

on that hypothetical 100K house - going to 120 or 150 or 180 generally doesn't cut it. 

First time on this forum, and just introduced through two books I just read by David Greene and Brandon Turner.  

I wouldn’t purchase anything out of state without first getting a thorough inspection, establishing a trusted team on the ground, and having a solid exit strategy in case things don’t go as planned.