Creating an LLC could be fast and only taking a few business days.You can also get your EIN imediatly online when the IRS website does not crash like it did for one my LLC and I had then to revert to fax and wait 2 weeks for the fax back.However getting a bank account could be an ordeal with certain banks and take over two weeks for their compliance Dept to approve it.Last, if your lender is ok with it, it would be better to buy your property dIrectly under the LLC name.

Most knee jerk reactions will say "a crash is coming" but probably not. 1.

I think of Ken as poor and destitute, with no assets in his name.That is the advantage of the anonymity - being left alone and not finding how big of a celebrity you are if the tenant slips and falls or you crash the car and put someone in hospital for a few days.

The resources here are so vast that I feel like I’m in an accelerated crash course.

I'm not really focusing on the San Diego market due to high prices but really just want to get some experience while not being a burden.I live about an hour north of San Diego and the commute can be brutal which got me thinking about trying to find something flexible I could do after leaving work in the San Diego area while either waiting for traffic to die down or just crash on the ship for the evening.

@Jeremy Roberts if there is a housing crash, and the value of your home drops 20%, the bank will re-evaluate your HELOC, I can assure you of that.

However, this isn't always the case  - for example in the housing crash rents in some markets barely budged due to the sudden demand for rentals by foreclosed homeowners. 

The economy is hot & will remain so for years to come, so even if the real estate market does not grow as fast as before, don't expect a crash anytime soon.

Maybe they got sick of waiting for the next crash and thought they’d tried to create one?

I don't have real-estate experience, so I would need to learn thru program or on my own crash course on things like: easements, do I need LLC in each state I would buy in, learning to sell on terms (financing), how to close (can I do it myself), how good copy looks for mailings, etc.