Nothing different just on a grand scale with professionalism.

This can be complicated in practical use, and would be the reason I would suggest to reach out for a professionals help!

I am interested in see what other professionals have seen as good areas to invest in, what the average rents you are currently seeing for 3/2 roughly 1500sqft homes.

Reduce Taxes through depreciation (If you don't meet the IRS definition of a real estate professional, it won't improve any W-2 income taxes)2.

The psychology of previous investment kills both investors and gamblers.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

It's always a good idea to connect with local investors or real estate professionals who are active in the area to get firsthand insights.

Should I get into contracting with a flipper or custoM home builder for 50k a year 1099 and start my own llc and be a “real estate professional” and learn the ins and outs while making less money at first,  or take a sales job 9-5 that makes 150k a year w2 and build up capital first. 

But in a rooming house, they pay a much lower rent cost, and get the benefit of a professional cleaning crew doing common areas, kitchens and bathrooms, free high-speed Wi-Fi for their streaming devices, etc.

If you never done one before, it's best to use professionals called "Expeditors" usually architects, to do a walkthrough and see how to do it.