At this point I am still learning but I just pulled the trigger on a duplex for my first investment 2, 3/2 units in North Miami, FL (33161) for 270k.

The mortgage is in my name also, so prefer to minimize risk of due on sale clause being triggered, too.  

Different times, different environment.After making the decision to go back into the game, and after months of reading and listening to BP podcasts, we finally pulled the trigger and put an offer on a house in Vallejo CA.

I've had plenty of investors dip their feet into these waters and none of them end up pulling the trigger on actually doing it after doing the math.  

Keyword triggers: Chicago, Illinois, Realtor, Agent

Most real estate lawyers will not do lease-purchases at all, since failure to comply with even the smallest requirement may trigger significant liability for the attorney preparing and filing the various disclosures and documents."

not only the HOA fee's but the stability of the HOA... an unstable ill functioning HOA can kill a condo projects values.. use your education to delve into the financials of the HOA before pulling the trigger.

Preliminary analysis was positive so I actually pulled the trigger to lock up the land.

If I pulled the trigger on this, I would probably try and oust the tenant in the 2 bedroom apt and get someone else in.

I still have a mortgage on my current residence and have heard that transferring this to an LLC could trigger the mortgage company to consider this as a sale.For the purposes of protecting myself and keeping the rental house seperate, I was wondering if it would be beneficial to start an LLC purely for managing the rental party.