@Nikhil MascarenhasDifferent people go different routes depending on their risk tolerance, their amount of equity and compared to other assets owned, how patient they are with a complicated set-up and high legal fees, whether they view the $800 as game-changing or just a cost of doing business, etc. 

Landlord-Friendly:Tenant laws here are more favorable for landlords compared to more regulated markets like Minneapolis, which could be a game changer for you.3.

Then, it just becomes a numbers game....

I am new here trying to get started! I am also a licensed real estate agent in New York looking to become an investor as well. I am also  open tot help others with their real estate needs here as well! and want to get...

I'm all in but I must admit the whole game does feel a little intimidating, anytime I think I like a property and I think of calling the realtor, I start having self-doubt (that maybe I'm missing something and I'll come off completely stupid).I would like to ask the seasoned investors, how was your experience with your first deal?

But, sales/raising capital, especially when you are just starting, is a numbers game.  

Then they can own a property for the best years of the properties life and appreciation is forced through the continued rising construction costReal Estate is a long game not get rich quick.  

If I were you this would be my game plan.1.

It is done once, and the game is over.Myth 2: My STR can sometimes be enjoyed by my family and friendsOf course, you're entitled to use your own property any way you want.

@Stuart Udis you sound like one of the good guys :)  This line is GOLD, "90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against"Its a game of risk/reward.