The main downsides of a condo purchase is HOA control, for example, with a special assessment, they can ruin a deal.

My biggest regret was not hiring a PM sooner.

Hello everyone! My name is Ken and my first tenant will be moving out on November 1st. I have done some research online about Tenant Move-Out checklist for landlords, but I thought it would be great to learn from the ...

One of the biggest differences from one deal to the next is if that REI can execute the deal...which comes right back to your team/tools, and what they can help you do.

The downsides of LLC also turn off some people.

I think my biggest lack of commitment to that is not having a team in place and lack of the trends of these other markets. 

That is probably your biggest risk here.

These will save you on lawyers fees until you get to a point where you'll want to invest in an attorney for lock-tite documents that create corporate veil protections.This is a great bundle which will help your knowledge on LLCs and Tax:https://store.nolo.com/products/nolos-start-and-run-an-llc-bundle-lopbun.htmlMost of these books should also be available at your local library if you want to save on paying for them :-)The biggest benefits in doing your LLC to start will be for tax purposes which a good CPA or tax planner can help you with.PM me and I'll share some docs that I have with you!

But for many like my parents or most other Americans who were not fortunate enough to have the vail of the financial world exposed to them I believe buying a house will be the biggest financial decision of their life, and it is a damn shame! 

Biggest takeaway from their experiences are being upfront about the driveway and having contingency plans for snow/ice/power outages.