Some sort of entity is probably also in order to centralize your legal and financial interests.Are you planning to simply rent something out or move in to a multiunit situation or something of that nature?

Folks are naturally skeptical of strangers on the internet.

The best wholesale deal I've come across so far (a house for 7k that needed about 30k-40k of work) still wasn't all that great when analyzed (would only rent for about $500-$550) and I was advised to stay away due to the more complex nature of it, at least as my first deal.If I can hook up with someone in another market that gives me a better purchase price to rent ratio, and make the requisite connections to do deals there, from acquisition, to rehab, to lending, to property management, why not?

Now, how does this work without causing massive amounts of inflation, well the company still hires out their positions as same rate, then the US government steps in and supplements the income VIA stimulus for an employee that makes under a certain amount, because lets face it a CEO making 500K does not need a pay increase.

No person shall, in trade, in connection with the sale or grant or possible sale or grant of an interest in land or with the promotion by any means of the sale or grant of an interest in land, - Make a false or misleading representation concerning the nature of the interest in the land, the price payable for the land, the location of the land, the characteristics of the land, the use to which the land is capable of being put or may lawfully be put, or the existence or availability of facilities associated with the land."

At first, I had no real motivation to invest in real estate, except for the natural want of money, but now, I can't think of any better way to enter into adulthood than through attaining not only financial independence, but financial freedom.

It's NOT comparable, because every state is going to be different, as one state may have minimal natural catastrophes; whereas, another state may have floods, hurricanes, etc that are taken into consideration. 

Would like to pick up a 2-4 unit property to supplement yearly income.

Hey @Ceasar Blackman, I can attest that you don't need a job to supplement your real estate skills... as I went straight from high school to real estate. 

Hello Deep Pockets, what you will come to find out about me is I am a great listener, avid student,can think on my toes,love nature,am enthused about Christianity.My big dream is to own a hotel or motel and have a fellowship center on the property where meals are prepared, trips planned, and bible reading integrated into the business.