I have a choice between a cheaper place ($330,000) that would only be suitable for long term rentals, or a more expensive place ($440,000) I could use for 30 day or more vacation rentals or long term.

The good turnkey providers find suitable properties, renovate them well and then sell them to you and manage them for you after the sale.

Hey Cody, going forward there are a couple points which people have hit on.  1) Have a mentor/partner that is willing to close on a good deal you have under contract should you not be able to find a suitable buyer within your contingency period. 2) Require a non-refundable escrow deposit in the form of cash or cashier's check from your buyer and get this when the contract is signed. 3) With a buyer, you've never done business with before you can ask for proof of funds, but this goes back to the escrow deposit requirement.

There's free software that's suitable for most beginning landlords and property managers.

I would assume that LLC would be suitable to sponsor her Solo 401k, right?

From my understanding there are different levels of care and since I do have a nursing license I am wondering which option would be most suitable for me.There isn't a ton of information regarding how to start from the ground up such applying for this particular license, bringing the property up to code, and potential downfalls.I've finally put myself in a position to purchase my first investment property and am open to any type of real estate investing.My wife and I are open to any real estate investment as long as the mortgage is paid for monthly and obviously long term appreciation is the goal such as BRRRR.Any guidance from the community is much appreciated.Thanks in advance!

We are looking for a suitable property at a reasonable price.

Are there sidewalks, parks, or other suitable walking areas nearby?

Each strategy has its own unique advantages and disadvantages, and the suitability of each strategy will depend on individual goals, risk tolerance, and financial situation.1.

He/she takes in a roommate or three, uses the extra cash to modernize the interior, then sells after two years (which I understand to be the shortest time to avoid short term capital gains taxes) and buys another place suitable for roommates and in need of work, hopefully reinvesting the gains to get a bigger place or do a better/faster rehab.