Get adequate insurance.I witness first hand a couple who set up a business in a S Corp.

Although, I have witnessed inflated real estate prices where the average property value is 7.6 times the average salary.

@Jerry W. Its

As landlords, we were looking for a REI group to learn about new laws, network with other landlords (possibly find someone to "babysit" our building while we travel), be witnesses when we served legal notices, etc.  

I understand the savings are at most around 10-15% as all the finishes are the same but I'm trying to get the cool factor and rents that go along wit it.

SBA wit some seller carryback.

Personally, I do not have much experience, but growing up I have witnessed my mother purchase a few rental properties in New York.

Yes, you should even touch on options, rights of first refusal, leases, required disclosures and what rights are actually conveyed under different types of transactions.Like I said, at least 70% of every question asked here can be answered from these basic areas of RE.That is what you get with a real RE education, knowledge that, by a prudent person and more than a half-wit can apply in any type of RE transaction that gives you the real advantage over clowns to your left and jokers to your right.It is absolutely not about access to the "secret" side of the MLS!

I think the best thing to do is both 1) Get a real estate attorney and 2) get an expert in the mechanical disclosure that's a fault to serve you as an expert witness. 

This is a passion for me and I am at my wits end trying to do it on my own.