We’ve just started researching the area so was curious to see if you’ve made a purchase or how your experience has gone so far?

LLC will not give you any more tax savings than you’d get without the LLC.

If you were doing passive investing and just starting out, in most cases an LLC likely isn't needed.

Given that, we would get an immediate boost in cash flow which will also be very predictable month to month and save myself a bunch of time managing my property managers and dealing with the ups an downs of active real estate.

Right at the six-month mark, I started to do some digging and discovered that the investor was divorcing, and it was ugly.

My advise to you is to not using your full 80k to do a renovation but instead start off smaller (30k-40k).

QOFs can make investments in a wide variety of real estate and new or existing businesses, including commercial real estate, housing, infrastructure, and start-up businesses.

I am a newbie @Andrew S. and I just started mailing yellow letters.  

Most of the time, to purchase their builds, you have no choice but to use their recommended vendors, setting you up for failure from the start.

It starts with a visual inspection and confirmation/denial.