I agree, that's what the plan is right now.

I knew there were others out there going through the same thing :) I agree- we've been able to work with investor-friendly lenders to secure conventional loans that allow us to buy properties and honestly, i've never really leveraged credit cards for RE or RE related purchases so this was slightly new territory for me.

(Roth's being an exception.)CPA Tom Wheelwright has a chapter on this in his book Tax Free Wealth and agrees with what I just noted. 

I agreed to let her rent it at $200 less than the market rate for a couple months during a very slow rental season for her sake.

@Neal Daftary there are some great comments here and I would have to agree with @Gregory Schwartz the best rule of thumb is to keep it simple and tailor it to your investment strategy.

I agree with @Gary Swank that it is very important to have a solid team in place when working from out of the area.

Agreed.

FYI in cleveland when the city sees the owner as an out of state entity you are put right in the cross hairs and they will literally go measure the grass and fine you and make it a criminal offense. so in cuyahoga county yes i agree to use a LLC but I would do an ohio one.

I couldn't agree more.By focusing on the numbers and mitigating risks, we can make smarter investment decisions

Results:72% of respondents strongly disagreed or disagreed with this statement.Only 28% agreed or strongly agreed that they can confidently track their ROI.2.