My advice have an experience investor or Realtor guide you for the first couple of transactions.   

Appreciate all the responses@Samuel Diouf @Bruce Woodruff @Nate Meeker : I am certainly considering OOS, but would prefer to get some hands on experience locally.

Hello, I'm Katelyn I'm only 20 years old, but have been thinking about getting involved in real estate for the past couple months. 

I assume not.If the property was purchased under an LLC and my parents get a 5 % preferred return and they personally guarantee the loan, but I take the majority of the income, does this remove the loan from my DTI?

@Paul Novak, There are a couple of things to strategically consider for the direction you want to head.1.

Now we can record up to 6 months of data, although I prefer to only do 2 weeks.

I understand everyone has their own opinions and preferences but please hold off judgement.

It really depends on what you prefer, some prefer crypto currency (not me), I prefer private lending / mortgage notes and structured it in a way where there is no ordinary income taxation on it, so it is treated as a qualified dividends.You can invest in anything / any type of business, it really is based on what YOU want to invest in.

That would be preferable imho. 

And I'm not sure a 'Basement Specialist' is the only guy to have out there (unless he is also a licensed GC)I'd prefer a Foundation Contractor or Building Contractor, or both.