Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Quote from @Havital Miltz: Normally you would set the LLC in the state where the property is.You have no tax benefits for setting up an LLC, it is more a protection from lawsuits and going after your personal assets, however not a guarantee....As a husband and wife you do not need to set up a partnership - IRS has special considerations for married couples for self employment, you could also apply that for a rental...Hope that helpsA joint venture is available to any 2 people co-owning real estate for investment purpose as tenant in common  under Proc. 2002-22 (unrelated to marriage) but it can't be owned in an LLC together. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Real estate is not the end all be all panacea for building wealth, there are a lot of other options many of which will give you way fewer headaches than real estate will!

Hi, yes Lorain, Ohio is a great place to invest in real estate.

I am getting into Real Estate investing but am a rookie looking to connect, learn, network, and pick up any lessons along the way. 

As far as meetups go, you can find a lot of local events posted here on BiggerPockets: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a list of Chicago meetups that I can share with you as well.

No real explanation as to why or whether there were exceptions to that. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Investing in real estate is a long term way to build wealth.