Welcome to BP @Ryan Nichols Check out the podcasts (under the Lean tab) and ask away in the forums, best of luck with all your dreams and goals.

I am leaning toward an LLC...thoughts?

., yes, I wanted to discuss his property at 1234 Any Town Ave, can you please have him give me a call at his earliest convenience?)

In Canada, we do not have the equivalent of an LLC ... it is pretty much the simplicity and convenience of a sole proprietorship with some of the liability benefits of a corporation (depending on how it is set-up).  

I am leaning heavily towards buy and hold, and my mother has already discussed with the tenants that I will be buying the house with no interruption to them.Does anyone have a target cashflow for properties before investing in them, or is it pretty much situational dependent.

I think comparing Chicago to Detroit, while geographically convenient, does not really tell the business story.

Here are some of my thoughts:a) Getting a small SF and moving out of the duplex so I can rent it out fully.b) Stay in duplex, and get a SF and rent the SF outc) Get another duplex and rent the entire duplex out.I think im leaning towards c.I found a Fannie Mae property I may be interested in.

I would recommend that you spend more time screening the broker who you will associate with, making sure that you have opportunity to lean along the way, instead of worrying about which course you take for the licensing test.  

To me the debit card is a huge convenience. 

It's nice to have a shoulder to lean on.