An LLC shields personal assets from business liabilities, while S-Corp taxation allows you to reduce self-employment taxes by taking a reasonable salary and distributing remaining profits as distributions, which aren’t subject to payroll taxes.

I both personally invest in real estate and help others gets started/expand their portfolios in various Midwest/midsouth markets.What I do with my kids: My wife and I have 2 of our rentals that are on the same street, with a home in between them.

If you pay the loan off before selling or do a refi and have $1 of equity, it won’t affect your taxable gain. 2) if you stay 2 years you’ll have 14 years of personal use out of 22 years so 63.6% of the gain cane be exempted, up to $500k.

I personally would go that route as it would probably be less expensive. 

I haven't used it personally myself, but have heard good things, and I'm sure you can use it in your area.

Find a local Meetup of real estate investors,or a local REIA (a chapter of Real Estate Investors Association)or even a local Facebook group that meets in person.

I know of several excellent property managers in the North Alabama area that would service the Harvest area, including several that I've never worked with personally, but have a good rep in the area. 

I've got little personal resources backing me up but am ready to dive into REI full go.

He knew the person selling this property and asked if we were interested.

A new person doing an OOS BRRRR right now is ripe for a loss.