You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

I recommend spending some time educating yourself on how to analyze properties to prevent you from making the same mistake again.

I plan to purchase a new home which i may use as a rental once rates drop and though i dont know when that will be, it sounds like a nobrainer to save up for that instead of spending on mortgage insurance monthly and limiting potential future appreciation.Thoughts?

I would love to do one where its like speed dating you get to spend 5 minutes with each person that shows up and connect.

They often have great intro bonuses which can be like free money if you were going to spend the amount needed to get the bonus anyways

Quote from @Brandon Polcawich: I recommend you spend some extra time educating yourself on how to run the numbers so you don't miss something and get into a bind.

There are very few condo units selling sub $1M, and I really don't want to spend much more than that.Hawaii is a year-round rental area, so shooting for 80-90% occupancy seems do-able.

I thought Portugal got rid of it altogether I know my client had to spend 500k. 

@Justin Whitfielddo you want to be hands-on and spending lots of time finding, rehabbing, and managing properties and growing your portfolio? 

Their idea of managing their investment is "not spending any money today".