Credit Score 795, so i don't anticipate a problem there.

from Alperlaw.comOne practical limitation with the multi-member LLC or partnership charging lien protection is that the debtor’s cash and assets can remain trapped inside the entity as a “patient creditor” holds its charging lien anticipating future distributions.

What I've been doing is some quick math on a spreadsheet - throwing in the taxes, anticipated rent, and some percentage based costs (10% vacancy, 10% maintenance, etc).

So, before you contract, you need to work backwards, find the market value of the property in good marketable condition, then start subtracting the costs of repairs, holding costs anticipated, transaction cost and desired profits to get to your buy price. 

However, in a big snow I anticipate needing someone to clear the sidewalk and do some alley clean-ups since the City can ticket the Owner the sidewalks are not shoveled. 

I do not know if appreciation is anticipated but all things being equal I would go CA due to prop 13 protection.  

  :)Just kidding.I have looked, and are currently into it, and we only have 1 property currently which is managed.So no, by no means are you a wussy for wanting to go that route.Especially if it is out of state.Things I am really considering for all of our RE choices right now are as follows:Top of a cycle, anticipated reduction of value to assets for the next 2-4 years, meaning mortgage paydown is more important right now.

I am very excited to get started and am already anticipating my future plans for my next property.  

But, since I didn't do that I will now need to use a 25% down loan for my next property and I am looking for private money much earlier than anticipated!  

I agree that anticipating future moves of the Court is UPL.