Once I plug in all those numbers, I'm pretty close to breaking even.

Hey @Jake AndronicoI know you specialize in Reno but since it’s close I thought I’d ask. 

Would love to connect with local RE agents and have an idea of the market situation in SA.

Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.

I'm in agreement but I'm not entirely sure where I'm going to need to create the LLC since the property is no in our state of residence.Do I create the LLC in WI (the state the property is in) and pay for a registered agent in that state?

Start by joining local real estate groups, narrowing your approach to strategies like house hacking or multi-family investing, and building a team of professionals like agents and lenders.

Real estate is easy to get into, but hard to earn a living. 87% of all agents quit within two years because they don't make enough money.

Have your agent start to look for properties that will do the 1031 now.See my comments in recent post. 

If you want to be completely anonymous, you can use a Registered Agent.

The first closed shop 2 weeks into my mentorship and stole my money and removed all of their content from online.