@Collin Chew I like to think of an LLC as a firewall between my assets and businesses.

Outdoor dogs can still chew on doors, trim, and come inside and do whatever they want. 

Food for thought... chew on that for a little bit. 

We will manage until we move.House was built in early 1900's but in a great area, very easily rented and should be able to bring rent up to 4k with little rehab....With a good home inspection and hope that negotiations go our way, I'm very interested....but is this biting off more than I can chew for a 1st deal? 

Well you know what they say: "You're not a true real estate investor unless you're getting chewed out by some deadbeat every once in a while."

I bought 6 properties that were basically rehabbed with chewing gum & bailing wire so I became pretty involved in redoing the previous rehabs & property management.

@Mwazomela MbeweDepends on the person, time and location.House hacking I would view as the least risky since you could afford the home and are reducing payment by renting areas of houseIf you are single that’s the way I would go / if you are with someone and have children then that’s probably not an optionBRRRR I would do over flips as flips right now are volatile with construction pricing, housing pricing and time.I would say take your time whatever you do and try not to bite off more than you can chew

:) A stove guy can inspect it and make sure no wires are chewed and replace the insulation.

Hey JohnHere are a couple tidbits to chew on regarding FHA.The minimum expected time to live in a property with a mortgage guaranteed by FHA is 1 year. 

It only gets more interesting from here but my fingers hurt from typing : - ) Stay tuned for more in the continuing saga of " The Portland Purchase", or "How Fast Can You Chew How Much You Bit Off?