Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax. S

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

I used to live in the city and the taxes and water bills are nightmares.

You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

Preferably low or no money down as best seller would be one only interested in the monthly incomeI then sell said first property and take that cash to buy the investment I am really wanting and I get the terms I want.only thing I don’t know about yet is, how to dodge the tax on the sale of the initial property?

Now, if you want me to show you and teach you, ask the right questions and I will happily do so here in public for free so everyone can learn from this.Lastly, 1) I am not selling SEO services in the free forums.

You might find someone in your network who’s ready to sell a property, or someone who has advice specific to your market.Real estate investing is a journey of learning and growth.

You have to learn what you are willing to accept as not perfect, but good enough. 

This is a great place to learn and to connect with people so take advantage of all the great resources.

This is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!