I can recommend a legal service plan which employs law firms as opposed to sole practitioners - this way all major areas of law are covered and provided for.

I have no relationship with my bank as I just came out of the work force to be self employed.

The fact you're self-employed will make it more difficult.

Any gain on the sale is ordinary income, subject to tax at your current marginal rate and self employment tax (SET).

I thought my background in financial analysis may enable me to seek opportunities with commercial real estate investment companies and help me to gain knowledge of that field.I am looking for advice from the forum on ideas and paths to consider as I search for my next employment opportunity.Rick Schneeberg

If not and your home purchase maxed out your DTI to qualify for a second mortgage for an investment property then you need to find a way at your job or business (self -employed) to increase your income and also cut expenses to save more money.You can also wholesale and try to build funds that way.

My number is in my signature, call anytime.To answer your question, with out money, or the access to money, you're going to have a hard time regardless.Sure, wholesaling is an option but banks in this area want very specific buyer financial info if you're going to try to flip the LLC or whichever strategy you're looking to employ.

Even if your unit is amazing quality renters might not want to be there because of the other buildings or other landlords are dropping rent fast rather than updating the buildings.Pro for bigger complexYou can scale the business effectively.You can control the whole look and feel of the development and tenant base and not be as affected by outside forces with your investment.If you by a large enough size you can employ a full time property manager and maintenance person so you can truly be hands off and passive.Cons- Harder to sell - I disagree with this as typically house investors or little duplex etc. is a different buyer base than a larger apartment building.For example I have a large buyer base of multifamily buildings because that is what I focus on.

When speaking to a mom&pop LL, let them talk, they will likely say things in conversation that you can't ask, like thier health issues or if they drink too much.If you verify employment, it's date hired, position, salary or earnings, and likelyhood of continued employment, you can also ask if there are any expected layoffs or future hours being cut back.

Thank you everyone for the responses, Eric Hettena my employer is a significant commercial real estate developer with quite a few zeroes in the bank.