The difference between a 12% return and a 16% return compounded over 20 years will make you sick to your stomach. 

I’ve owned different residential homes in California, both sold off market and for over asking.

Think of it as different tools in your wealth-building toolbox.🎓 The Knowledge EdgeWhat makes both investments successful?

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

I can see what Nathan means, but I see it differently.

So 2 W-2s, two charges. 3 P&Ls from different properties, 3 charges. 4 inputs for interest bearing accounts, 4 charges.

It basically said, unless you are living in Wyoming do not use a Wyoming LLC set up.It seems the more research I do the more different answers I see.Going a little crazy over here,Rhonda

I realize that everyone will run a MTR business differently and I prefer to learn from different operators and develop my own technique 

It's no different than their 2-year, low interest rate teaser houses.

Look at buying my first investment property (probably a house in the 100-150k range) and begin looking for a tennant.I can imagine there a lot of different theories/ideas with what one could do here--I am just curious to see what other people think.