This is especially important when owning rental properties or managing flips because it minimizes your personal liability.However, many people stop at forming an LLC without considering the potential tax benefits of electing S-Corp status.

Realistic because I see people do this all the time, but hard because the amount of deals and capital it takes to get to 10 K passive per month is no joke.

Most people make the mistake on putting to much moey down or use "All cash" and then need to pull it out later at a higher rate.

Quote from @Chris Primavera: I am located in Ohio and like many people I have researched and read about, tired of the 9-5 grind and putting money into someone else's pockets.

A lot of potential people will see your add and move on if they can't find things easily as a lot of adds falsely represent the property. 

Good for the old tenant and I wonder who thought it was a good idea to do this to people.

There was a disconnected phone line, no website, people living in motorhomes illegally and only about 50 percent occupancy (some of those people weren't paying).

In the end, I set myself of up a C-Corp > LP > LLC structure after hearing a lot of people were doing simple LLCs and getting double taxed. 

Hello good people,I invested in a tax deed last year (in Fulton County, GA) and it has now crossed the one year redemption period without being redeemed. 

Obviously it wouldn’t be people selling in your state, they already have a realtor.