You cannot even apply for an STR permit on a single family home until after you've owned it for five years (and there is no guarantee you will get the permit).

Would it be a bad idea to buy a single family home built in mid 1930's?

Pretty much every small business other than some obscure ones that are excluded (see below) If you have 12 Single Member LLCs that own your rental properties.

When all the dust settles, and the  person searching is tired and discouraged and gives up, Jerry may not have bought  a single lot, but he's made some money from the training he sold you, which was his main goal from the beginning!

That comment also seemed to imply that you don't report the rental on Schedule E if you have an LLC, but that's not correct, with a single member LLC it still goes on Schedule E."

I have recently bought a 2 bedroom single family in Cahokia.

Their first project...a neighborhood of single-family homes...yielded a steady 8% ROI in its first year.2.

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

I was insured through NREIG when it was a single rental to one family but now since I have transferred to room they dropped me.

start with one piece of land for one single family or a smaller development. or get the buy box of larger developers. why would they need to partner with you when they can do it on their own or find someone more experienced?