A law suit from a tenant can put your other assets in risk if they are inside that LLC. 

I attend seminars, and real estate meet ups, as well as work with my local housing authority to keep up with the local tenant landlord laws. 3) We did all of our own maintenance.

I want to create a GMB profile for a market I invest in, but I don’t have a physical office address in that state.I’ve been looking into virtual address services like iPostal1, but I’m concerned it won’t be approved by Google since they seem to have strict rules about virtual or P.O. box-style addresses.

I think the important thing is to follow the laws and have everything spelled out in the contracts.

And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.

Get familiar with the laws in the state you will conduct business in.

There is a lot more state regulations and lending laws change when 5 units or great.

Fortunately, he moved to FL after the sale, bought a mansion as his retirement home, and saved by the state's homestead laws.

They also don't understand the law, or the changes that are happening around the country.

Quote from @MIchael McCUe: Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do it in  5-6 years, my brother filed bankruptcy and they relieved him of $6000 in debt from cash money.a list of my debtGst Hst Tax 4500 income tax from working with my dad I oweScotiabank credit card 1400Canadian Tire credit card 500cash money loan 2400Belair 600echelon 600should I pay the 10k back in the next while or should I file bankruptcy like my brother as It won't be for years until I am able to get a downpayment for a rental house anyway.You appear to be in Toronto, so the laws may be a bit different.