More than 90 percent of real estate agents are out of the business in less than five years.

We kind of throw out these definitions for our business because they can become misleading. 

In CA, you are legally required to have a CA LLC if you are "conducting business in CA".

Never fully trust anyone that isn't willing to share the negative aspects of all this.As I'm sure you've experienced, this can be a very rewarding path to take and depending on your grit and determination, overcoming all the pitfalls are well worth the effort.Cheers and drive safe!

Instead of paying down someone else’s mortgage, you’re setting yourself up for bigger and better deals down the road.Your first deal is going to depend on a lot of factors—how important is location?

The administration will help some investors and hurt others depending on the circumstances. 

Depends on the actual deal I have seen 85/15 rarely 90/10 but keep in mind your primary home will have a second lien on it typically if your LTV is over 75%. 

This will set up your buy and hold business long term. 

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.

@Hector Lewis - The decision ultimately depends on your current cash reserves relative to your financial needs, as well as your willingness to reinvest for potential appreciation.