Typically, we set up entities in the state in which the property resides.

This is where most people start getting nervous. And, honestly, it's for good reason. Having good residents can make owning a rental house a breeze, but bad ones can make it a nightmare. Fortunately, there are practic...

At this point, I'm not so concerned about achieving that exactly, but if my REI journey takes me there on my way to (or even after) financial freedom, then I'm all for it.There's still some work to do to prepare financially for "the first deal" and that moment legitimately appears to be about 2 years away. 

GC's are all very well prepared in contracts now post covid, so there will be job stops when there isn't $ to cover those job cost runs. 

Its really a gamble that you have to be prepared for. 

Just be sure to be prepared to get legal advice if you run into grey areas that you are not well versed in to avoid legal implications.

I took a couple of weeks off from my former job to really focus and prepare for the exam. 

The reality is you have to pay for services like this and be prepared to eat the cost if the deal doesn't pan out.

Investment Info:Single-family residence buy & hold investment.

Research the Market:It's essential to comprehend the local real estate market before you start flipping residences.