It seems many people interchange these concepts for good talking points.

Brian - Quality Low Income Tenants is an elusive concept.

The youtube link Bryan supplied provides a 'hint' of how this concept will be implemented.

Better in regards to a simpler deal for which you are less dependent on others.

I'm speaking only as a concept, that since you have an address in MI, probably is easier for you to set up MI LLC and register in MO if you just want one entity to hold both properties.

A couple quick points, but I pretty much agree in concept with Jon's posts.

There is also an Auto Show on site with all the new cars and some concept cars.

$150k with solid income behind it is a pretty good start in either... which also means you can make a BIG mistake.If you're looking at rentals, get familiar with the 50% expenses and 2% rents concepts for evaluating deals.If you want to flip, look at the 65% ARV - Repairs concept.My opinion, rentals are easier as there's less to estimate (don't need to figure out ARV, don't need to budget repairs as much, simply need to determine market rents for the unit) but flips generate faster short term cash.Is this going to be your day to day job and thus salary or is this a long term investment strategy?

It's a great concept & over the last 25 years that we have been doing it very few default.

By the way, there is a YouTube video (tutorial 7) of my Power Debt Plan spreadsheet that shows the advanced concept of pulling out some cash with a HELOC and using that as a down payment on positive cash flow rental property.