While you can use a position in the real estate field to further your education, find partners, or find leads, it is not a necessity to have a job in real estate in order to invest in it.

If more people work from home, office space will be a necessity.

An LLC mission statement is a point of legal necessity as it states what your operation parameters are.

Hey Luke,I cannot answer your question regarding the necessity of creating an LLC, which I do not think you have to (just a hunch), but I live in Lancaster, PA and can help you get connected with real estate agents, insurance agents, and contractors.

Investing in land can be very rewarding but with any investment make sure you know what you’re doing and what you’re buying first.OfficeOffice space just like housing is always going to be a necessity for businesses all around the world.

We have seen rates skyrocket, seasoning requirements for cash out changed, and some investors are even paying premiums out of necessity to secure assets. 

Also the motivation will be different based on the tenant base and expected rents and what finishes they expect for the area,how long you hold the property for,if you are an accidental landlord where you have to rent out by necessity,or you actually purchased this property as a rental in the beginning.Many factors will play into what decision you make.What you can also do is refinish the wood floors and then buy a big area rug for cheap to throw down for the high traffic area and only the corners would be exposed.

All those personal finance things that EVERYBODY should be doing may be more important for you since your income isn't as steady.But, really, is your income any more risky than anybody else that works in a commission based business of non-necessity items?

Some brief history: my husband and I actually became landlords by necessity in 2007 when we found ourselves unable to sell our home due to the crash.

.), RE costs on the front and back end, possible value loss duirng hold time, possible necessity to fire sale below the $350k, etc.