With apartments my initial criteria is taking 50% of the Gross Revenue and that's my crude way of estimating expenses at a quick glance. 

They want to know that the worst that they can lose is their initial investment and that they ultimately can't lose their other assets.Therefore - an entity that provides them limited liability will suffice on that end.You don't want to have a C-corp because that will not facilitate growth since you will be subject to double taxation.

I am looking to dive in the world of real estate investing with the hopes of generating some passive income and one day becoming financially independent.

All three are explained in detail here to help investors make well-informed decisions about private real estate.Benefit #1: Private Real Estate Generates High Absolute ReturnsPrivate real estate offers investors the ability to generate high absolute returns.

This is mainly the reason for the move, I was initially looking to stay in NWI but our market has heated up and I feel like I'd be paying alot more for less at this point. 

I understand that we have our own risk tolerances, but it seems impossible for us to invest in rental properties that generate supplemental income because of a low-risk tolerance.Perhaps it's a big picture discussion and there will need to be compromises from both sides but I wanted to see if anyone else has had to educate/convince their spouse of the benefits of rental properties.Thanks for your insight.

I heard about this competition Toyota is sponsoringhttps://mobilityunlimited.org/And I have applied for the initial grant.

Your initial posts sounds like you are renting this home on your own without Real Estate Agent assistance. 

Is this generally discussed when the contract is initially being discussed or when the tenant buyer is ready to close (after the lease term).I would really appreciate any guidance you all can offer.Thanks

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