These type living arrangements are primarily short term until user circumstances change

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

Hey Bryant, that’s so funny I have lived in College Station for the past two years but just recently moved back home after graduation.

However, I live close-by (30 minute drive), recently retired from my day-job, and if the loan is not too large, I might be willing to do a deal just to learn a bit more about another side of RE.  

I have a client that lives in Hawaii but owns a property in DC area.

I haven't lived in it long enough to be exempt from capital gains, good point on that.

If I buy property in a state that I don't live in and put that property into an LLC registered in that state, will it be protected or does that LLC need to be conducting some form of business?

While I’m still in the early stages, I’m incredibly motivated to learn, grow, and surround myself with like-minded individuals who can help guide me along the way.What drew me to real estate is that I saw it as the best route for me and family to have financial freedom.

Constructed in 1910, this property features a total of 2,793 square feet of living space.

Live in part of it, rent the rest out.