An LLC offers some liability protection, BUT states vary with the cost to get and maintain an LLC.

@Grant Shipman Great stuff, I'm a big fan of co-living/rent by room strategy, and I do it here locally in Denver metro, and it is the best strategy in today's market for any house hacker to live for free or make money while living there, but they have to sacrifice personal space.

Last year, I purchased a SFH under market at 7.65% interest rate and did some rehab to up the value.

It is not an exact science, and can be subjective to the market. 

BRRRR, Fix Flip, taxes, deal analysis, market analysis, marketing, financing, etc.  

It can be used to monitor markets, filter results based on lots of different criteria & even includes annual revenue numbers that you can work backwards to see how certain markets/properties are performing.

Cash flow is crucial, especially if you depend on it for your monthly income.Selling the property for $170k, which is above its market value of $120k, might seem like a good deal initially.

To thrive in real estate investing, you must maintain a firm grip on your finances.

I've helped 6-7 different investors move money from Oregon to Wyoming in the last 15 years and they are all happy they made the move.Consider finding a market that has a better long-term outlook, economically and legally.

I have significant enough assets and capital that I can make a few loans while still maintaining a healthy stock portfolio to keep my money working for me.