Hello, I've been tossing this idea around and doing the math and would love the communities thoughts - Theoretically, let's say your annual income would allow you to save $100K a year.

It will show the rent amounts, who pays utilities and expenses they know annually.

Being that my business is brand new, do I project business profit when they ask for the annual business income? 

I started the tax lien foreclosure and the owner redeemed with about 2 weeks to go.You have to look at each county individually to see;Do they sell OTC liens/certificatesIf they do sell OTC, do they sell OTC all year long or only in a special OTC auctionIn Florida, counties that offer OTC certificates, you can earn the full annual 18% (1.5% per month).

This can range from local real estate clubs all the way up to multifamily specific events such as the National Multi Housing Council’s annual meeting.

REPS requires you to spend over 750 hours annually and more than half of your working time on real estate activities.

In some states the annual fee is close to $800.

Connect with a few players who know your submarkets like the back of their hand, and suddenly you’re not the lone wolf trying to move product.

I wouldn't recommend setting up an LLC out of state if you are buying in Tennessee unless your tax advisor is looking to help you on strategy.. but from a numbers standpoint, it really doesn't make sense when you start adding up on all of the annual LLC reporting fees from different states and then it starts cutting into your cashflow.

@Levi Perl all of the respondents above (@Jaycee Greene, @Pat Lulewicz, @Scott Wolf) have some really good inputs.