However, in judicial foreclosure states such as NY, NJ, FL, IL, IN, OH, PA and the others, the preREO strategy can be very helpful.

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. 

Quote from @David Sotomayor: Im getting into fix and flip real estate and working with a private lender who requires a higher credit score than mine to qualify.

Quote from @V.G Jason: The real question is duration of these tariffs. 

Quote from @Chris Seveney: Quote from @Robert Adams: As we move into February, the Las Vegas real estate market is showing positive signs of recovery after the holidays and the conclusion of the presidential election cycle.

Even better if you can work for a property manager or real estate compnay. 

I’m drawn to real estate not just for financial freedom but to build a legacy for my family while contributing positively to communities.

I wanted to get your thoughts on a real estate decision I’m considering.

It's still possible to BRRRR now, but the deal has to be muuuccchhh better and those are just much harder to find.People are still making it work in real estate though, primarily by getting more creative and often needing to add even more value to make the numbers work.

You can find an array of them that specialize in real estate here.