This is a great place to learn and to connect with people so take advantage of all the great resources.

So agree probably taking advantage of those that want to break into lending and your right 1 mil in CA is a drop in the bucket .. 1 mil in the mid west can be 8 to 10 loans not one like CA..

-based LLC for simplicity, but forming a local LLC in the country of the property might offer legal or tax advantages specific to that location.

This has several advantages:1) Much less passive.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Understanding the ins and outs of this rule is imperative to using it to your advantage.

@Juan Alvarez From a tax perspective, holding the rehabbed property as a rental offers several advantages.

I'm interested ideally in very long-dated contracts to take advantage of appreciation.

What are your advantages and disadvantages to each?

At 21, you have the advantage of time.