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

Personally, I'm fine with it but I'm not very demanding for a sofa so it means little.

Remember there are income limits, contribution limits and other personal factors to consider.

I personally use Quickbooks online and have a virtual (remote/nonlocal) bookkeeper.

It's about path's custom tailored to the persons. 

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.

They don’t really spend any time teaching you how to raise capital or how HNW investors think.Also, they push the LP structure which doesn’t protect the GP who takes on personal liability (which we’ve heard from sources)Check out Capital School - a complete turnkey solution taught by someone that’s raised $2B with the help of others  

@Megan Boyle I personally love investing in RI.

As a person who has lived in NC & SC and Phoenix, I would highly suggest AZ.

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.