I always advise to run a business for 3-6 months without an entity to see if it something you are making money in and something you want to continue doing.Once you have 3-6 months of activity, you have more information to provide to an accountant regarding income so he can provide suggestions on entity type.Best of luck

If you are newer I'd suggest a house hack unless you can rinse/repeat this process again. 

.$140k offer8% interest rate20% down8% management fee5% vacancy5% maintenance 5% cap exI haven't gotten insurance costs yet but it's been suggested that I plan for $2k per year. 

@Gail Travers thank you for taking the time to respond and for the book suggestion. 

If they just represent first time single family home buyers and aren’t constantly finding off market properties and reviewing deals, you’ll find a better investment through someone else. https://www.kiavi.com/blog/out-of-state-real-estate-investin...https://learn.roofstock.com/blog/out-of-state-real-estate-in...

While I'm not in Indy, I might suggest you share some more details of what you're looking for in this coffee meeting and/or share what part of the real estate world you're most interested in learning about for this first meeting. 

Research them away from their reviews and see real experiences.

Quote from @Jason Hatfield: @Jaycee Greene  they require a non refundable deposit and give 48hrs to see proof of funds I would suggest developing a relationship with an HML/PML that would give you a "guidance line" that would basically be a "pre-approval" for situations like this to present to the buyer/auction company.

Not sure if the upstairs tenant (heavyset person with a dog) plays a role.Seeking suggestions.

If so do you have any suggestions or tips for best practices to do this?