So I'm a fan of buying in the path of progress from here since it's starting to expand outwards into cheaper neighborhoods.

At least you have a starting point.

No need to add an LLC when you're just starting out.

Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.

While you're starting off, its not necessary.

Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.

My brother and I have decided to join this community in hopes of getting a good start in the world of Flipping. 

As you start you will want to take into consideration that many owners and hosts use more than just AirBNb to host their properties.  

My name is Jenna and my husband and I are just starting to dip our toes into the real estate world!

Quote from @Argel Algura: Hey Bigger Pockets Community,A year ago I wrote about rebuilding and starting over in life and considering real estate investing as a path (see post here: "Bad credit, minimal cash and starting over in life . . .