Scranton has low priced properties, but be cautious about the city politics and taxes. 

Hello,For French SCI, there are two options : 1) the company is subject to corporate tax and you can depreciate the asset but be cautious as the capital gains will be calculated on the sales price minus depreciated book value of the asset ; so it is used only in a few specific cases 2) most common taxation is integration in your personal income tax.

I do feel that asset protection would be important, though I'm not sure if I'm being overly cautious, and perhaps I should start with one or two properties and worry about the LLC once I have gotten my feet wet.Will send a PM. 

I would proceed cautiously.

.- 1st Method: Focus on BRRRR on properties East of the 125 highway in regions such as Spring Valley, El Cajon, & La Mesa as these are moderately well priced in the SD area, have room for market growth (&loss, be cautious) as these inland regions fluctuate more than the coastal SD regions, and finally the amount of Duplexes & multi-family homes are more prevalent in these areas of SD. - 2nd Method: Riskier and heavily focused on Marketing to Condo Owners for Condo flips in Downtown San Diego.

I would factor in monthly payments just to be cautious.

You need to be far more cautious about just who you give the keys to.

You need to be cautious of these claims and perform your diligence - the Office of Consumer Affairs (OCA) has more information that may assist you:http://www.ic.gc.ca/eic/site/oca-bc.nsf/eng/ca02178.html#b

Be cautious and double check every number. 

Dave Ramsey always recommends people only own rentals free and clear, but he is hyper-cautious on every issue relating to debt...that's his schtick.On the other hand, there are people who say you should always have all your properties leveraged to the hilt so that if a tenant tries to sue you, their lawyer will see that there is no money to be gained and give up.