Good opportunity to enter the market for still reasonable prices.

I want to make sure I understand how the process works once I enter into an agreement with someone in a case like this. 

Investing with an experienced real estate operator is one of the most rewarding ways to enter the world of real estate investing.

Could be worth it to give it a try as you enter a new leasing season. 

It may change however where on your tax return you are entering the numbers, but your overall tax liability will be the same.LLC are mainly used for liability protection.

I'm trying to get a feel for the market, a feel for the locations (we're initially interested inbetween Salem and Dam Neck), and what the rental market is like for us to enter the potential house into (for passive income) once our time is up in VA.

I'm assuming it's the same as buying from any other business entity in that you have authorized signers who are able to enter into legal agreements on the entity's behalf.

They say that if we enter a deeper recession/depression, inflation will be a concern and that real estate is a good hedge against that.

Sometimes if the property as built after the community entered into the flood program and was built after 1973 you can use the "built in compliance" also if you get ahold of the current owners DECLARATION page they might be getting subsidized rate if they bought the flood policy within a calendar year of the flood zone map change which could be transferred to a new owner but you have to work with an flood expert to make sure it is done correctly.@ Ryan Letzeiser sounds like you really know your stuff. 

We’re also focusing on essential maintenance orders only, which helps keep our staff healthy (since they don’t enter apartments for nonessential work) and reduce costs.