One with low cash, one with some owner financing and a little less price. 

Purchasing a property for your child while they attend college can be a strategic investment and a great way to provide them with stable housing.

But, it's very commutable, and a lot of people working in Reno (especially South Reno) actually live in Carson City because it's cheaper. 

In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue. 

Your mentor’s advice about starting with a rental property is solid, and a duplex could be a great option for house hacking.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

@Diego L.That's actually an interesting situation and a case where revocable trust may make sense.

in cash flow would cut it for me. i'd want enough to cover the mtg, but also R&M and a little for vacancy. if i can't do that plus have a little actual "cash flow" left over.... i'm still here :) if that's any indication. 

A fence or a drive way is 15 years and a major appliance 5 years. 

Nope......i heard of it on a podcast though.i actually have studied banking and economics for the last year and a half.