Henry, you’re a REAL real estate guy - we can’t just take a vacation - we HAVE to still think real estate!  

Work with a real estate attorney to draft a formal agreement that outlines responsibilities and protects both parties. 

He's going to try posting with a real estate agent for 90 days and see how that goes. 

My understanding (but don't take my word for it because I'm totally new to real estate investing, i.e.

Not to raise any fear or negativity but in real estate it’s best to plan for the worst and hope for the best!

I have purchased the following books:ABCs of Buying Rental Property The ABCs of Property Management The ABCs of Real Estate Investing The Advanced Guide to Real Estate InvestingThe Book on Investing in Real Estate with No (and Low) Money DownWhat order do you recommend reading them in?

I have been a Union carpenter for four years now and enjoy working physical labor. I would like to put my money to work instead of shoveling my money into the bank (mortgage) or to a landlord (renting). I currently am...

Great to hear you’re diving into real estate investing!

I have never done this before even though I am a licensed real estate managing broker however I don't feel confident enough.

Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.