The biggest lesson, which I learned early on: get clear on the type of property you want to buy, then tell everyone over and over again.

It would rent out pretty easily if you needed to wait for prices to stabilize and more buyers to come back into that area.

Whoever created the trust should be able to help you with that.

All of my landlords we have using Azibo and they all seem to like it and haven't had complaints in over two years from them or from the tenants.

No, no tax at all up till now. 

To evaluate Real esteate deals for creative financing, start by identifying seller motivations i.e. financial distress, desire for passive income, do they need a downpayment on their next house, etc  and property factors like equity or existing financing terms.

There is a $500 per day penalty, up to $10,000, and imprisonment of up to two years for the WILLFUL failure to file initial or updated timely reports.Where to file the BOIR report?

Since the theme of this was quitting your W 2 most had never been self employed and I dont think they really comprehend how your expenses go up.

I would set up a family trust, if you have a ton of equity maybe you refi the properties into an LLC but if you are locked in with lower rates then I wouldn't touch the ownership piece yet. 

I don’t have a lot of money right now and I was considering putting my current home up for rent and moving into a new home in a new location.