My goal is to acquire cash flow to help relieve some financial burden and increase options for future buy-and-hold investing.  

We travel there when we can and bust out projects but winter is coming and reliable teams are hard to come by (not to mention the financial concern).

Hi Rena, gr8 way and good entering point to resolving financial issues. 

Out of 2,500+ investors we have as clients, only a small handful invest as an LLC.I could see the point to an entity if a group of family members or friends were pooling their money to invest in a syndication or several syndications, but outside of that scenario I don’t see the point to it.But don’t listen to us, get competent legal and accounting advice from those licensed to give you proper advice after evaluating your legal and financial situation and risk tolerance.

Make sure you get the sales data and ask where this store stands financially in the region. 

I believe they ignored it in large part because they financially benefitted by advocating that STRs are recession proof.  

National savings rates have plummeted, increasingly reliant on credit cards to fill financial gaps.

I'm From Ethiopia I just found biggerpockets and really love the community, the contents and all members helping one another I'm also new to investing and would love to learn and grow in my financial freedom journeyIts an honor to be part of this community and looking forward to learning, growing, connecting with like minded people Thank you for all who created this amazing platform , Have a Great Day!

@Renee CossRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

My goal is to achieve financial freedom in my 20s I want to make $1M/Year, Besides buying 167 properties generating $500/month, how else could I go about it?