Co-living, on the other hand, mitigates this risk by creating multiple income streams.

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

But did create issues of determination of value when distributing the assets of the LLC because all properties are probably not exactly equal in value or equal to a members % interest.But either of these can be made to work for you in the situation you describe.

@Allison Cutlip No offense intended but "How do we create a lease" and "How do we find software to manage the property" sounds a lot like you need a property manager. 

By creating a process, you can prevent these issues from taking place and save yourself a lot of time, trouble, and money.

It requires using a home automation platform (I use hubitat), creating an API, and creating some rules within the automation platform. 

Real estate is an excellent avenue to help you achieve those goals, especially since it can create both passive income and long-term wealth.

Quote from @Renee Everett: Newbie female investor looking to learn more about the BRRR method to create a successful portfolio with my husband. 

Consider an installment sale if financing is an issue.This post does not create a CPA-Client relationship.

As you go on your real estate journeySomething I would recommend for you is this website. https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F