I also wanted to hear from those who are currently and actively involved in this nice.

I have a home equity loan being processed and I’m currently active in finding new deals.

Has a better ring to it.You realize this is the cost for your ticket for the event, your room, all your food and drinks and activities on the resort right?

Given your situation, setting up an LLC is a solid choice for liability protection and managing your real estate activities.

- The conotation of your  original post did make it seem like you weren't really interested in actively managing and coming to town, so I would weigh that in.

Then I would visit the property and see if there is any mining activity. 

Many people have great success being an active investor. 

So far, I'm finding just as much positive as negative so I'd love chatting from a boots on the ground investor actually doing this who is not actively trying to sell something.  

Entity structure wise, I'm getting conflicting opinions from lawyers/tax advisors on which scenario gives me the best separation between properties and asset protection from rental activities:1.

I also just re-activated my real estate license.