@Ed Lopez Many good points in this thread.A few things I was thinking about when reading your posts:1) At $500/month in rent with annual turns it is going to be nearly impossible for the cash-flow math to ever work.

@Justin Smith Bernie Madoff and every other scammer also did deals with & thru family & friends.Just be careful and good luck!

This allows us to close extremely quickly, which is an important competitive advantage.I don’t know how to read our own tax returns, and I’m certainly not going to read yours.

I care about income waaaay more than cashflow.

Based on my reading and understanding I'd like to form my LLC in Wyoming. 

I have listened to Dave Van Horn's podcasts and read his blogs on Bigger Pockets.  

However, the biggest con is that you are sacrificing a bit of your privacy by living right by your tenants and it is usually a lot more stressful since everything is your responsibility - managing tenant issues, handyman repairs, taking care of the lawn, etc.I would strongly recommend house hacking especially in the Columbus Ohio market!

Listen to podcasts, read books, and if you plan to invest in the Netherlands find some resources that speak to that market specifically.

I’ve read a couple books but I am always willing to learn… Also if you were 21 , what would you have done differently?

As a PM, his team would be familiar with areas and could help underwrite the property and take care of the day to day headaches.