Hey Joey,Great choice of a place to live!

You have 2 choices.

Financing- Hard money- Private lending- Sub2- REOs- How does my choice in business entity impact my ability to obtain financing?

Limited partnerships are not the entity of choice to protect real estate assets.In addition to placing your properties in entities, you should have insurance.Finally, to be successful in the rental business, you certainly should buy each property at a BIG discount.

Our choices are Lowes, Home Depot and Sherwin Williams.

It seems like every rental building I've looked at has it's asking price strategically set at a break-even point.MikeOH- How are you able to get such big discounts on your purchases?

You are looking at having to make the choice between listing it at a huge discount, putting much more money into it to make it "special" or hold it for a longer period of time before finding a buyer.

Normally I don't deal with agents but with this one we didn't have a choice.

No matter what you decide, you will be sure to learn from any of those choices, so go for it!

You tend to have a choice of either what I call tenement style buildings, or big old Victorian houses that people have converted into multiunits.