@Eric DeVito I am partial to Columbus, Ohio because of the great things going on here right now, combined with property still remaining relatively affordable...I personally would't focus on the most popular areas for investing...due to the piranhas that inevitability show up to hot markets and drive up prices. 

Andy’s IRC 415 limit is based on 20% of the combined income of $10,000($100,000 – $90,000), less the ½ self-employment (SE) tax.

On top of that, found out today that there was a tenant where four prior judgements/evictions combined that were all missed.

My partner and I have 58 years combined experience in real estate; and want to grow methodically to preserver reputation and Client Satisfaction.   

If this is the case and you don't have much assets to protect - you should look into skipping the LLC and doing an umbrella insurance policy.Without turning this into an LLC vs insurance thread - you should look at the pros/cons through the search function on BP.

@Ian Ippolito @Ryan Groene I am in the funds you mentioned along with Ryan and Jamie's combined MHP and SS storage fund with the Dahn corporation. 

Here is my suggestion, its what I did with my first deal: I would research and look for a place that had the right combination of big enough for your entire family, distressed (but fixable), and move into it while rehabbing it yourself.

The reason my tenants were still there after they were supposed to vacate was a function of the difficulty for them to find new housing. 

First position lender don't usually allow a second that brings the combined LTV (LTV for all loans) up to 100%, if you're thinking you could borrow the entire down payment. 

My monthly non taxable social security disability benefit combined with my one dependents monthly benefit is $2,896.