However, building relationships with private money lenders can help you scale your business quicker depending on how many investments you want to do this year.

Hope this helps! 

Would love to connect and help you with finding some on/off market deals and introducing you to property managers.

Can you please share any information on properties or markets where you are that can help guide my search?

Normally you would set the LLC in the state where the property is.You have no tax benefits for setting up an LLC, it is more a protection from lawsuits and going after your personal assets, however not a guarantee....As a husband and wife you do not need to set up a partnership - IRS has special considerations for married couples for self employment, you could also apply that for a rental...Hope that helps

Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

However, I would encourage you to Network work local real estate clubs in the PA/NJ area to help identify your target market and ideal investment for your first property.

Real estate helped me reach my simple goal: create cash flow for today and secure a comfortable retirement for later.

Hope this was helpful.

I actually went to a REI meetup yesterday, and I was able to find a lender to help me out.