If I was just starting out I'd do a joint venture with a more experienced investor on the first one or two.

If you're getting more interest, I don't think I would.My biggest issue is roommates not understanding they're joint/severably liable for the rent.  

grass is always greener on the other side of the hill.. constant social media of how to get rich with non of your own money etc etc.really just an extension of MLM marketing at its core..  

I constantly find myself checking my statement when it comes to accounting part with this property management company.

Variations on this question are frequently posted, demonstrating how confusing the topic is.Bottom line - forming an LLC does not change your tax situation unless you elect to have it taxed as a corporation - which YOU (Andrew Namkoong) probably won't.Whatever INCOME your real estate investments produce will pass through to your individual income tax return, and it will be added to your other sources of income and taxed per the table you provided (ASSUMING you are married and filing jointly - since you provided the federal tax table for married filing jointly.)I recommend getting the BP Tax Book discussed in the thread pinned at the top of this forum.

The important point being that "S" people are smart and self-reliant but have a very hard time delegating - they're using to being the "star" - and it ends up hurting them because you just can't do everything and you do actually need a team to have anything other than meager success (in my experience).I only mention it because 1) several of your comments (Angel) sound like they relate to those themes, and 2) I suffer from the same problem and constantly fight against it in my own head.Finally, unless you have gotten a lot of experience with real estate in your own area / back yard first, I would be cautious about spending a lot of money in an out of state investment.

Sales folks are great but the constant identical TK peddling posts aimed at the newer members is getting old to have read all the time too.

I bought a small multi-family about a year ago and inherited a terrible section 8 tenant who constantly complained to Housing dept. about every little thing and made my life hell...

I am going to purchase the 4 houses with my brother-in-law as a joint venture.

If the toilet is running constantly, that means the water level in the tank is above the overflow.