I live with my parents house and my plan is to move out and house hack to get started and in 5 years my plan is to own at least four multifamily  rental properties that produce passive income 

I grew up also helping my parents rental properties and continue to be a hands-on landlord.

Several years ago I had a CPA do the return for my son because my parents left him a small IRA. 

Long term I'd like to be able to send my daughter to the college of her choice and provide for my parents in their retirement.

They either prefer to rent after watching there parents struggle to hang on to there house or watch them lose it or prices to buy are just to expensive.Buy right and in good markets.

I am 20 years old have $60,000 saved from working on a remodeling crew and living with my parents and would love to start investing now so I can achieve my goal of financial freedom as early as possible.

If you have the opportunity of using your parents as partners, jump on it! 

I am not from nor do i have property in South Carolina, but, the child llc's are just a holding llc for the asset, the Parent llc is the one that does all the business and is responsible for all taxes. to me you would only have to register the Parent llc as doing business in South Carolina.

So far here has been my self-education:Books Hold: How to Find, Buy, and Rent Houses for WealthFlip: How to Find, Fix, and Sell Houses for ProfitWhat Every Real Estate Investor Needs to Know About Cash Flow (by Frank Gallinelli) (reading currently)The Millionaire Real Estate Agent (ordered today)The Millionaire Real Estate Investor (ordered today)PodcastsBiggerPockets Podcast 1 - 68 (as of today)VideosGraham Stephan [since he had like <10,000 subscribers] (YouTube)Meet Kevin [since he had like < 20,000 subscribers] (YouTube)So I am a son of Ethiopian immigrants who came here about 24 years ago and I am extremely extremely lucky that we are fine financially and that my parents are paying for my college education (I really can't understand how lucky I am for that).I have always wanted to make the most of the circumstance I have been granted and...yeah...that's why I like self-teaching myself many things and real estate has become one of my intrigues right now.My "Plan" & QuestionI've been saving up for a while and my ambition is to purchase a rental my senior year for 3.5% down using an FHA loan (no idea what this fully entails, still figuring things out) and live in it for the mandatory period and then move when I leave college and get work and keep renting it out.I'll be looking for a place close to the university but at the same time I know that is probably hard because I once talked to an agent and he said that inventory was "tight" in the area.So I guess my question is...should I start investing in the D.C Metro area and follow my plan of getting a rental senior year and then moving out?

She does not want to sell and move on, very adamant on not losing the property her parents left her.