We looked at a place that would be great for this (occupancy in this town is pretty great).

I'm interested in learning and investing in SF or Condo/Town houses out-of-state to develop passive monthly income.

I'm interested in learning and investing in SF or Condo/Town houses out-of-state to develop passive monthly income.

She owns a small business in the town and he works for a company that does work on roads - on and off.

The town is a growing area and is bringing in lots of tourism.

I have yet to find my first deal and am still trying to determine what market to invest in, whether the Tri-Cities or one of the outlying towns.

Over on the West Side of H-town -- thankfully no flooding here in our little area, but don't have to drive far at all to find the destruction.Started the journey earlier this summer, looking for an invsetment opportunity, either to flip or rent/hold. 

It's a really solid/stable area, in a good location, that's just off the Main Street of town.

Small town rents, so when building is done, total rent for building will be $3k/mo.

Now if you child is grown and is your active business partner, there is probably more benefit to doing an LLC.Unfortunately, legal entity creation, taxes, and estate planning are so individualized, that it is probably worth the money to sit town with an attorney and accountant to get this write.