As far as whether to approach them with or without an agent - approaching them directly without an agent can save the seller probably 2.5-3% of fees, which give you some room to negotiate on the price, but you need to be confident that you are capable of evaluating the property value, estimating on the amount of work that is needed, knowing how to negotiate/ structure the deal, and navigating the closing process.

Just have $$ in savings

@Nina Erlandson Personally, I have not heard of Obie Insurance.

I have tried for over a decade to find an investor that saved their bacon because of an LLC, but I get crickets.

It should be from someone who uses that person.

Eliminate debt, establish a budget, and save.

Co-living is how I went from renting a room, Delivering Dominos, no savings, and not being able to qualify for a loan to financial freedom & a $2M net worth in 15 months.  

.- Loss of historical data (for both IRS audits and for personal portfolio tracking.)- Unfamiliarity of software with my Bookkeeping and Accounting team.

I personally do not have experience managing rentals.

My business partner owns a roofing company but has weak credit and more limited cash flow.An LLC is a common choice for partnerships since it protects personal assets and simplifies tax management.