Starting to network and building a team now will be vitally important to find those off market distressed deals. 

It costs less than $500 to start an LLC and about $1,500 annual for LLC tax returns.It should save you a good amount of coin in the long run and provide an additional layer of liability protection. 

Build your team, boots on the ground are vitally important. 

The criminal check really wasn't vital but I wanted to make certain he didn't have any fraud charges or anything like that (I was simply being cautious). 

Through multiple layers of hearsay, I have learned that the major player here in my neighborhood has stated that he will no longer develop rental units and instead focus on commercial. 

The second property I bought, I knew it needed a new roof, but I was trying to put it off as long as possible.. multiple layers of shingles and some missing.. blah, blah, blah..

You will also use it to deduct most of your business expenses.This standard template may be modified to accomodate some specificities, like states where a series LLC may be less expensive than having a different LLC for each.Also you can add a layer of Land Trust for each property for anonymity and to give some due on sale close protection.A lot of people here will tell you that you don't need any LLC or entity structures and that you can do with only a liability insurance.

Growth and re-vitalization continues to creep further east and southeast from downtown.  

.- If we use an RIA (registered investment advisor) it adds a layer of insulation if we were to get sued but it also adds a "mouth to feed".

Every property in it's own trust or even layers of trusts with ultimate beneficial interest owned by a multi-member LLC.