We don't know where to start.

These are just a few key questions to ask yourself before diving in.A great place to start is by listening to the Rookie Podcast on BiggerPockets—it’s packed with insights for new investors!

I have saved up some money but my goal is to save up at least 20k in a year before I start looking for options on house hacking in a duplex.

Wishing you the best as you get started.

Because I started with no money the first 11 properties that I bought were all 100% financed in one way or another.

:)General question here: I invest in long term rentals in Memphis, but I live out-of-state in NYC, so I was wondering if anyone had any general advice about starting an LLC in my situation.Would you form the LLC in Tennessee or would you recommend forming the LLC elsewhere?

It’s a great way to learn directly from other investors, hear about their experiences, and get some real insight into what’s been working for them and what hasn’t.Another tip: start analyzing deals as soon as you can.

Does anyone have a document that breaks down a deal from start to finish, including potential tax incentives?  

My agent was a very nice older lady, but no idea about investing, it all worked out and once the first rent checks started coming in started gaining some confidence.

An LLC isn't necessary when starting, in the long term, it may be worth exploring.