I agree w/ what they say as it seems like a tough way to move into the business.

If you were put in a cash offer with the intention of using say a hard money lender then you will be exposed if the lender rejects the deal but usually there or no finance contingencies in an all-cash offer as opposed to an offer that state that you will be getting finance.

For investment property that has conventional financing, usually you need a year of "seasoning" sometimes 6 months but I would say a year in most cases.

Does it pay for the time between tenants or only if say a tenant signs a one-year lease and then bails after month four?

I had a section 8 tenant in the early 80s  that was a nightmare but your mileage may vary.I'd say as long as your Sec 8 tenant is paying market rents and  is not a complaining nuisance and keeps the property in good condition then thank your lucky stars.

Without seeing the house my self and having the other numbers it would be hard to say. As

But, you have to remember, that if something goes wrong, let's say a large slip and fall, or your tenant's vicious dog maims a child (no negligence on your behalf there; that's usually strict liability), or your electrician screwed up and you shock someone to death, there's probably going to be a lawsuit whether you have an entity or not.

Leave us all alone and keep your negative unprofessional opinions to yourself.This will be my last response to anything you have to say as I do not intend on wasting any more of my time defending myself from your negative shots.Josh, I request you jump in here and put a stop to MikeOh's negative comments.

You say a 46 year old could sustain $48K (withdrawals) until they are 120 years old, but you never say what age the first withdrawal is taken at? 

Someone could write enough to fill an entire set of encyclopedias to answer your questions.The short answer is something my father used to always say. "A