Love your enthusiasm, but temper it with self protection.  

Mostly, I want to be sure that they understand that my insurance does not protect them.

We eventually worked our way off of government assistance and we are doing very well financially.

.' - Investing in multifamily properties can be passive with property management services or investing in syndications.Don't let excuses hinder your potential for financial growth and passive income streams. 📈 #RealEstateInvesting #MultifamilyInvesting #FinancialFreedom"

If this is your first rental property - I'd also recommend an agent that can ensure you are looking at the right kind of home, area, and type to ensure it meets your financial objectives and provides you with a return.I've been an investor in Charlotte for over 10 years and also host a meetup called "SouthEast Charlotte Real Estate Investors/FI" - find us on FB.

What if they finally succeed in their misguided effort to "protect economic equality"?

I know very seasoned flippers miscalculate or get cocky because they've done a ton of deals and wind up losing tons of money.I would figure out what you are good at, have a passion for and gets you to your ultimate goal (financial freedom, generational wealth, quitting your W2 etc) and work towards that sooner than later.A good place to start in Orlando would be networking with other investors that are local.

In short, for the type of protection you're looking for, Wyoming is currently at the top of the list.

@Josh RicordYour strategy may be tight financially, but if you can be strict with minimizing your extra curricular spending and keep saving money, you should be ok. 

States often have their own rules and regulations regarding tax filing requirements.Even if you have a loss, you may still need to report the financial activity from your rental property to the state for tax purposes.