But the city has risks too: historic tanneries, dry cleaners, gas stations, garages, workshops, any kind of industrial use - always be suspicious of what people did with chemicals back in the 50s and 60s when the general population had no awareness of the damage I just had to turn down a small development  10  house's or 20 detached as phase 2 found chemicals for the Filbert orchard ( Filberts are hazelnuts ) that was planted 30 years ago.the soil had to be dug down 1 to 2 feet analyzed and hauled to special dump at 3X normal dump fee's.. there is a reason why we do phase 1 and phase 2 and just dont buy this dirt and take on those liabilities.. now to be fair this is for lending purposes is someone want to buy it the county / city would not require the phase 1 or 2 but you take on going risk of someone suing the pants off of you in the future.

This isn't hard to answer, most first time investors are looking for cashflow to make all future real estate investing ventures happen.

For long term holds I like upward transistional neighborhoods where I can see future forced appreciation while the asset cashflows. 

.: I am interested in pursuing the legal structure of creating a land trust that owns the investment property and the land trust is within a WY LLC.I have spoken to NCH, but I was wondering if any of you have recommendations of other companies that can help setup this structure for houses outside of WY.Thanks in advance**I am NOT looking for comments on why this is useless, unnecessary etc.Land trusts will be the future of property investment and ownership in the coming years.

We thought about house hacking but our situation wouldn’t be ideal for it currently but would still be a possibility in the future.  

Plus, it simplifies the process of adding partners for future projects and helps keep your finances organized.As for BRRR, you can also deduct expenses and LLC income is reported on the owner's personal tax return, avoiding double taxation that corporations face.

My goals are to provide financial freedom for my future family and establish a sustainable safety net if physical limitations prevent me from retiring from my current W-2s.

So if you end up needing to sell it in the future, would be a hinderance since it would eliminate FHA buyers all together + even some conventional buyers too. 

Using smart financing like portfolio loans or refinancing after value-add improvements can free up your capital for future investments.Diversify property types – I’ve seen investors get stuck in one type of rental (e.g., single-family homes) and miss out on opportunities in duplexes or small multifamily.

Most hard money lenders can lend you up to 90% of the purchase price and 100% of the rehab costs with a 12-month term and a rate of 10.49-12.49%Hard money lenders issue what's called an asset-based loan, so they will consider the property itself along with its potential future value, not your personal financial situation.