House hacking your first rental or doing a live-in flip would be the most advantageous.

Assuming you don't want to create additional management work for yourself, it's possible that higher value properties may give you the advantage of the higher capital outlay without additional work.

Every lender will have different pricing adjusters depending on the category, such as a lower or higher FICO score/LTV, so it's always a good idea to shop around. 

It's generally coinsidered that you don't need an LLC until/unless you have many properties.The advantages you may hear about - liability protection and tax savings - do not really exist.

This is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

He has talked up the tax benefits that I could take advantage of by making such an investment. 

The advantage of using a new build, when available, is a first-come-first-served environment instead of the multiple offer pay over list market in resale product.  

Trying to understand the advantages of NV vs CA portions of Tahoe, any insight would be appreciated.

Btw, commercial and investment real estate brokers are in a tremendous position to take advantage of the fact that many sellers want CASH.

Would it be a mistake to not take advantage of the low money down loans for a first time home buyers primary residence, and instead attempt to invest out of state in a traditional investment property?