It does not make you responsible for payments nor does it relieve them of the responsibility of making payments, but it allows you to make payments if you choose to.5.

You get to choose.

If you assume the property value continues to climb at a consistent 7.14% and you remain cash flow neutral... then your return on investment is only 7.14% per year (assuming you can sell when you choose to). 

I was actually planning on doing it via video conference, but in person would be cool too. 

Then you could also choose to use on Traditional LLC as an operating company, to separate the liability of your operations (contractors, property management, etc.) from your assets.For which entity, whether Series LLC or C-Corp, will fit your portfolio best, you need to talk to your CPA.Some generalized comments on the topic, though.

Lastly, talk to your accountant or tax advisor as there may be tax implications with capital gains by selling your property too soon.Just some things to think about as you start down your new path in Real Estate.In any case, welcome to the RE Investors "club" and good luck with whatever you choose to do!

He does have a few videos out there as well.

I have more free time then I would like, so I spend countless hours browsing the internet to find blogs, books, videos, and discussion forums to learn from.

If you are looking for guidance find a top producer that is ethical, will give you thier time, and has what you want, there are too many crappy agents in the business, choose wisely if you go that route.

@Joey BiccumI would venture to guess that anyone in your area who chooses to rent a place to live for $1900/month has made multiple housing decisions about their lifestyle that are unconnected to any sort of poverty they are experiencing.