So it’s not really a choice you have to make.

They are in a small city but on the far edge of the main part of the city.

This should include the main beams, posts, and floor joists.

Mainly because of the higher turnover, higher vacancy, more hands-on property managing experience you typically hear about.

As you take over that 6-unit, and frankly with any property you acquire, always be looking at how you can improve the value of the business.  2 main ways to add value. 

You may go through the "Education" tab under your account's main page that has some valuable links.

So I guess my main question is where can I get started and who can I talk to about getting internships, experience, and knowledge in the real estate business.

For a business owner with $100,000 taxable annual income, the net tax savings for using an S Corporation instead of an LLC in taxes paid every year can be as high as $7,500.Holding PropertiesWhen holding properties as a cash flow investor, the LLC (or LP) is generally the better choice because an LLC has more liberal distribution rules.

I did some real-estate work in NY for banking clients and I was shocked by how different the law and customs were between the two states.CPAs have it a bit easier since they mainly focus on Federal Taxes (which is uniform).

Dont do it if you have a choice to rent to a reliable normal tenant.