It can be hard to say what exactly a good/bad deal is...I also think it can be very easy to get caught up buying RE - when that may not be the best option.

I think with the time you’ll spend working on this, you could find 2-3 existing parks to buy in the meantime and not need to take anywhere near the same risk  

Investment Info:Small multi-family (2-4 units) buy & hold investment.

It's important to narrow down on the locations and conditions of properties you're looking to buy so you can align your numbers with those expectations.

Then I think I will buy my first out of state property once I'm ready.

Also I feel buy and holds are harder to structure partnerships as its not that much money when split in between two people.

I think I can open another personal checking account at the bank I already have and it'll be under my name but i'm trying to buy out of state rentals with an LLC I own.

You don't need a conventional bank to buy a property.

You have to make a deal rather than buy a deal, be more appreciation focused, and be more patient.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.