Mostly due to the fact my spouse and I agreed on her to have zero involvment in any sort of RE investing (and its our home) I think once you have a good 6-12 months of reserve cash (operating expenses for your own life saved as a back up incase things go bad) save enough liquidity to get the ball rolling on your first invesment.

Obviously there is risk involved (as with anything).

Best bet though is a local community business bank.. 

Detroit would be a solid option if you're strategy involves a little more risk for potentially higher cash flow. 

That complicates enough I'd consult with an entity/asset protection pro.I don't hold residential assets in LLCs unless partners got involved. 

I'm involved in too many things, but that's what happens when you have a family and kids to support.

Whether it's considered an arm's length transaction is debatable, but it's not illegal.Move forward with the sale and ensure full transparency with all involved parties, including your CPA.

(the seller side) This is for those involved or interested in becoming involved in creative finance, especially SubTo.

Real estate for the last four years was betting on red or black but the ball was fixed to win as it was nearly impossible to lose.

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.