i hope I'm not sounding pessimistic here.I thing the development should encourage culturally diverse homeownership by people who can contribute to the tax base. 

Whether or not it is a good idea to have an entity early on depends largely on the legal culture of where you are currently operating.

But we live in a culture where people believe that the easiest way to heard a living or make extra money is to sue someone. 

If your interested in investing in Rochester NY this week we are having a meet up at Johnny's Irish Pub on Culver Wednesday night at 7 and Thursday at 7 we are having a www.FFREIA.com meeting at the Brighton Town Hall if you'd like to meet like minded investors. 

Would love to move overseas, if only for a year or two, in order for our kids to experience a different culture and gain some international perspective.

Although I am born and raised here in South Florida I have been fortunate to have traveled the world while working over the last 4 years.My company, Tier 1 Home Buyers LLC, is primarily engaged in real estate acquisitions and renovations.Hobbies that I enjoy include bicycle riding, camping, exploring new countries and cultures, learning about history while traveling, and fixing things that are broken (rehabbing ;).This community that BiggerPockets has created seems vast and full of exceptional individuals, I look forward to meeting you out in the field.Have a prosperous week!

Beegle This will help you understand the culture you are planning on investing in.

I would recommend talking to at least 5 different brokers and focusing on the culture/atmosphere, CE and support options as well as community involvement.   

My sister and I will be living in an owner occupied building and our Irish asses will stick out but if the area is safe, that doesn’t bother us. 

I used to flip homes in Arlington Heights and North Hi Mount near the cultural district and new Dickie’s Arena.