Also, as mentioned above, this is a great way to start building relationships with small local credit unions and banks which offer the best loan products for investors. 

Looking for some advice on our plan to get started with our real estate biz.

Did you go with an LLC right when starting out or was there a more appropriate transition point say one or two years later? 

I'm excited you started this conversation because I was also under the impression that it was better for Canadians to form some kind of corporation to hold their US investments.

If you plan to live solely off rent I don't think you can carry a total debt load greater than 25-40% of your total portfolio value.  

I would like to know, what do you think is the best thing to do for a teenager who wants to start in the real state world, While still being at school.

If you aren’t using a PM and have no clue where to start.

Have a 1960s 30 unit single story motel where we are coming up on some end of life issues: the cast iron plumbing is disintegrating underneath bathrooms, radiators are starting to leak, electrical is in poor condition, and just today, discovered significant termite damage affecting multiple rooms.

Any advice to help me start out would be great thanks!. 

They often start really good, and the next thing you know, we find out they're asleep on the couch in a client's home.