Being self-employed is notoriously tough to get funding, but it is possible.

a salary before taking any money out- Self employment tax is not due, as the only income of the LLC will be rental income- If the LLC shows a loss in the first year it will be easier to carry this over to the next year if not taxed as S corpThankful for any advice!

i am just starting out and i am currently reading "the book on rental property". i currently live on guam and educating my self to invest into rental properties. 

I'm really leaning toward self-study online, but I keep hearing that taking a live class in person is better for network building. 

I also keep a separate account for taxes (self escrow).  

If you plan on self managing the smaller investment nearby as a first investment it might save you some money but will also require your time.

@Martin Grizzanti I have, in fact I own a rental in Portland, Oregon that I self manage and am part of a syndication in Florida.  

In regard to your IRA and 401(k) are you planning to take the funds out of those accounts to invest in real estate, or a you planing to invest in real estate using self-directed IRA and 401(k)?

If you self manage, which a lot of people do, you can put they property mgmt fee in your pocket.

Self- FinancedHow did you add value to the deal?