"In the long run, rebuilding efforts boost both home values and rent costs, which can prompt “changes in sort of the social fabric of the community.”"

If you start in your market now and then transition later.. you will have to rebuild your entire network and start over with your knowledge on the selected market.I suggest looking into OOS investing.

I gathered all my notes in a 50+ pages document touching on the formation and maintenance of LLC and business structures, transferring assets, protection strategies, trusts, anonymity, insurance, levels of protection, etc. including when you should do it, how many properties per LLC, due on sale clause, selecting an attorney, fees, checklists and resource materials.Doc: https://www.biggerpockets.com/files/user/CosIorg/file/tritoriam-fileAsset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for complete asset protection OR the domains that need to be intersected to find asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagram (this is more of a joke depicting the nebulosity of asspro rabbit holes).How a fully implemented asset protection layout might look. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structures (overwhelming and overkill for a newbie in REI)PS.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

@Alexander Phillipslike the others i am struggling because while i sympathize with you, none of this is really adding up...i'm also worried about what you putting "full trust" in your mentor means.sounds like you need to print a copy of your contract out, read it, get out to the site in person, and sort this out. 

Whether that becomes some sort of Stock/ETF investment or you use it for real estate investing when you have saved enough for a down payment is up to you.

Does it depend on whether the CPA selected only “final K-1” or selected both “final K-1” AND “complete disposition” in their software.

You can even create a balance sheet if you want to get crazy.I definitely recommend scanning all of your documents associated with the rental using a free app like Genius Scan and get those into some sort of digital document management platform such as Google Drive, Dropbox, etc.

Select the Suffix as “ST” for street, “DR” for drive etc.

Others may be able to assist with the Indianapolis specific regulations but most investors focus solely on cost when qualifying and selecting their contractors  but that’s a short sighted approach.