I will stay open, but I think the long-term strategy of buying and renting out is the one closer to my goal (financial freedom); I think I could probably also learn how to flip when the occasion arises, but I would say the balance would be 80-20. 

On multiple occasions, I've set up LOC and borrowed funds that I did not need immediately, but I knew I would need once an amazing deal crossed my desk.

In whatever market it is that you decide.I have seen on several occasions investors buy properties with the hopes of doing an STR and then it not be eligible for the permit.

My closing has been postponed on three separate occasions.  

I have probably said that same thing on multiple occasions. 

By contrast I’ve started looking at places where I live and on a few occasions I’ve slipped into right brain mode, wanting to buy a place because I liked the place.

I can tell you that in my career of handling title insurance matters I had more than one occasion to advise an Insured that I would not opine on how a particular action would affect their coverage and advised them the contract spoke for itself and I didn't deal in speculation.

So this is a discussion with your accountant and your attorney if you want to set up an LLC out of the state you live in.Because of that "doing business" in requirement, doing LLCs out of your home state doesn't usually make sense (although, on rare occasions and specific reasons, I have created them for clients).You family living trust provides no protection.

We have almost 600 rentals in WNY.Section 8 can be tough to deal with for paperwork, inspections on occasion, and there are instances when units get damaged.The pro is guaranteed income in what usually amounts to high risk areas.

We've facilitated this for clients successfully on a number of occasions.