Curious if anyone here has gone through something similar and could share their thoughts / advice. 

(rent payment at fair market value.)Loan Payments: Ensure the rental income paid by the LLC is used for mortgage payments, clearly documenting the transactions to avoid co-mingling of funds.Insurance:Landlord Insurance: Obtain a landlord insurance policy for the rental portion of the home through the LLC.Homeowner's Insurance: Maintain a separate homeowner's insurance policy for my personal residence.

And you also have to jump through a lot of permitting hoops and redtape, depending of what you want to serve: take out, dine-in, beer&wine, liquor - all different licenses.

I have already met some very knwoledgeable and experienced investors and operators through BP, and was hoping to grow that list.Thanks ahead of time.

I met a private mortgage broker through the forums that told me North Dakota is very restrictive. 

I’ve observed that those who actually seem to have time freedom achieved through real estate have done two things:1) Built up a $1.5-$2M portfolio at minimum.2) Paid off said portfolio.It’s the accumulation of wealth, yes, but also the lack of leverage that, per my observation, seems to be the source of real, lasting freedom.Sure there will be plenty of exceptions, but most who aren’t in this spot are simply working in the business of RE, in some form or fashion.

If you need help through the process let me know.

Also, I was able to get a credit card in my LLC name through American Express with a PG.

You are going to be very bored when you retire young so start building your REI portfolio so you can travel and visit your properties and continue to build your portfolio and future wealth through passive income.

Currently vacant.ARV around $120-130KEstimated rehab of $25KI’ve had it under contract twice now and both times the buyers funding fell through.