Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

The answer to that question will probably be eye-opening for you!

Do you rely on inspections, local contractors, the agent, or property managers to get eyes on it?

For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

I am cross eyed by all the FB and Instagram gurus but one or two seem to be legit and I absolutely want a mentor and a team.

In the eyes of the law, it's no different than a cane or a wheelchair.Keep in mind, just because the ESA is not considered a pet doesn't mean it gets to run rampant, disturb the neighbors, crap all over the parking lot, or tear up the house.

I have my eye on a large single-family residence in Bethlehem, PA, but I have yet to acquire financing.

Germantown has plenty of opportunities, especially if you keep an eye on areas with improving infrastructure or schools.

If you do decide to allow an inspection, just keep an eye out for a few things: make sure they’re serious about the purchase and not just fishing for information, and try to get a sense of their intent.

I also thought about leveraging my Chicago network (friends + neighbors) to keep an eye out of the properties from time to time.