Also there is an additional tax on the returns due to the financing. 

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?

Is what you mentioned (lease your property to an LLC) a good strategy to avoid transferring my deed to my LLC and avoid the possibility of the bank calling my note due? 

Purchase price: $160,000 Cash invested: $40,000 Sale price: $268,000 I bought my first house in Kalispell Montana as a long term investment and possibly a rental.

Always use a property manager to keep your real estate investments as passive as possible and keep you compliant with Fair Housing laws.This way you can learn to manage the property manager and learn from experience as you go.If you buy a bunch of properties all at once, they may not all fit your buying criteria, there may be deferred maintenance that needs to be dealt with all at the same time, and you will not have accumulated the management experience building your portfolio one at a time.To Your Success!

Can anyone recommend a firm that does not use Lexis Nexis for background checks? I was going to use Kiavi, but apparently I do not have a consumer profile and lexisnexis has to locate it and this can take a while and ...

We are planning to live in one unit and rent the other half out of a duplex, then rinse and repeat this process as many times as possible over the next 5-10 years.

@Zachary YoungBased on my experience, finding affordable cities with strong cash flow potential is definitely possible with the right strategy.

We are looking into the possibility of starting out OOS investing in Indianapolis.

I have seller financing and entity swap as 2 discussion points going on.