Case Shiller shows San Diego to be #3 in nation for total return since 2000.  

I make a little over 100k a year and have 50k currently ready for a down payment. any insight would be helpful.Hey Brandon, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

I absorb as much REI content that I can find online and want to expand my horizons with others' experiences. 

Step 2, open a bank account (you'll need an EIN, which you can get online from the IRS at this link https://sa.www4.irs.gov/modiein/individual/index.jsp.)Step 3, sign a deed of your property into the LLC. 

I recently bought a property in the Smokys and I am totally newbie in this industry.

Your position is that setting up a multi-member LLC is more expensive than a trust...lolYou're totally missing the point because you're looking through the narrow lenses of your trade.

Provided that the total rental period doesn't exceed 14 days and the rent charged is reasonable, your business is able to deduct the rent payment on the business tax return and you won't have to report this as income on your personal taxes!

However, I would definitely want to see the loan handled by a "local" lender - not one of those online VA loan companies.

Basement excavation projects, permit filings, and construction costs can total well over $100,000, which is why many property owners opt to rent their ADUs as-is.

I would suggest to listen to the BP podcasts and read as much as possible online and here in the forum.