Needs to be in a rental area because no homeowner neighborhood would like to have tons of renters going in and out of a property.

I am trying to buy my first real estate property but I am not a homeowner yet.

Trusts are the arm that saves a homeowner from major taxes when a property is in an LLC.  

I've flipped several properties in Eastwood Hills East and surrounding neighborhoods, with about half selling to homeowner occupants and the other half sold to investors with tenants already in place.That said, the specific property you're considering is key.

Typo- topic is supposed to say, first time homeowner looking to get into real estate investing but facing a dilemma!

@Jay Garrison grand is still the solid boarder, even if your west of Homan as long as north of grand there’s solid tenants/homeowners.

Landlord shall be responsible for paying any Homeowners Association(HOA) dues and property taxes for the Property.I was wondering if I should add a additional rent clause for the sewer just so I have my base covered in case tenant try to get "smart" with the lease.I think you're fine if that's in your lease to bill them.

I am a big picture guy not a down to the last detail guy... but I think I did the right thing... the 700k would have been long gone I got 10% down with 6% fixed mortgages at the time.. so 300k or so out of pocket saved me 700k in tax's... and I am getting my 300k back as I sell.. and maybe a tad more.. one I actually made 25k on .... a few I lost 10 to 15k on.. and as I said I probably about broke even to had a tad of a negative cash flow.. but in the scheme of my business negative cash flow is not a worry or even felt.I am ALL about investors doing exactly what you did... buy close to home buy A class and self manage. that is how you sleep well.. and have solid assets that can be liquidated. like my A class are all being sold to home owners .. can't do that in D class only people that buy are landlords.. and they beat you up on pricing generally if they are locals.

I bought from a primary homeowner in Indianapolis metro area who took really good care of this home (I did live in this house and rented it out when I moved back to California) and from a flipper in Indy more recently.As far as primary homeowners, they can range from taking really good care of the house to someone who has a lot of deferred maintenance - I renovated a local property that had a lot of issues.  

But today with Dodd Frank this would be totally illegal to sell to homeowners without going through QM process.