@Morgan Vien For your Oregon rental property, forming an LLC in Oregon can provide liability protection specific to that property.

Or if you prefer one deposit account bam!

I want to know is it more cost effective or easier to purchase the property alone and put it in a mortgage in our name or purchase the LLC from him that holds the property within it.

I purchased this before deciding to get in to real estate.I am trying to decide if I should rent the property out or sale it to buy something with long term investment in mind.

I specialize in investments in Florida, whether its LTR, MTR or STR. 

Should I find a few buyers before I go out trying to find sellers, or should I start with sellers, then look for sellers directly or bring it to other wholesalers?

@Edgar Duarte Selling now under the primary residence exclusion avoids capital gains taxes, allowing you to reinvest the $500K equity in diversified assets like index funds or additional rental properties.

So.. can investors still acquire a lucrative vacation rental on the Oregon Coast?

This is the fork where I'm not sure if I'd be good to get some CRE exp and invest in learning about how to review deals for the next 2-3 years, or focus on generating revenue for investment purposes and watch how things are done as a LP.My personality more aligns with networking, reaching out to people, connecting, navigating difficult situations and finding solutions that work.

If that’s the case you can buy in the LLC, in your name, or in a new disregarded LLC.