@John Franczyk on the tax front, there is no expense you cant write off, or business tax benefit that cant be taken weather you are an LLC or a sole proprietor historically, its all pass through anyway, for example if you have a HELOC on your personal home, and use the money for business purposes, the interest and expenses are deductible as a  business expense. at the end of the day it makes no difference, unless you are avoiding  SE and filing as an S-Corp, but thats for active income, not passive.

Partnerships between a 401(k) and other investors, or plan-held entities that may be used for an activity with UBIT exposure may benefit from alternative elections.

This means you will likely be actively managing it yourself, or you will have a manager in place that will eat up a large portion of your revenue (payroll expense).

Any active BP members in the Pensacola-FWB-Destin area?

Hey all,Long time reader/listener - first time poster… I figured it was time to step out of the shadows and become an active member on the Bigger Pockets forums.

I'm actively looking for deals.

I currently live in Denver where the market is HOT, but am actively seeking deals (residential, single and multi-family) to help build equity and a safety net just in case the market bears towards a correction in the next few years.

We sold our property and pretty much broke even.I am now focusing on becoming an active real estate investor.

This is my favorite resource for tips: airhostacademy.com

You could go to the new subdivision and there were tons of active comps and sold comps.