I personally choose to utilize the traditional LLC for my first few properties and it has treated me well.

Also you can check Meetup for local investor groups as well as there are some smaller ones around also.I'd say one of the biggest steps is choose a type of Investing.

Most importantly, choose a market that aligns with your goals!

Jack MillerI have not had any tenants not pay rent, but I have seen rents soften for multi family and condo rentals (roughly 5-10% decrease in rental rates). 

Being able to do your own renovations and improvements will give you a serious advantage when house hacking or even working on your own projects.Akron has some solid real estate opportunities, especially for house hacking in multi-family homes.

Hello - I am wondering which MLS to choose for New York City and how to get an MLS ID? 

Make sure your lease stipulates its a "shared property" and list all the rules to make sure they toe the line, garbage, one vehicle(where parked), noise, no personal items in yard, everything you can think of or choose/whatever.

I would recommend that you screen your tenants and have them complete a background check with a company of your choosing and not just accepting Zillows in house background check that some of the tenants already have.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

I aim to invest in multi-family homes with my partner, using a buy-and-hold strategy to build our portfolio and expand over time.