My partner and I started off by forming an LLC but quickly learned that we should probably have a passive and an active income LLC. 

Include info such as last sale date and price, owner's address (if different), and your assessment of the property and neighborhood. 

They are listed based on comps in the area (solds, pending, actives).

But that doesn't mean it's always a good idea for everyone.Are you looking to become an active investor and build a company around your investments?

Hey everyone, I will be starting up my wholesaling business in the coming months and I was looking to hear about the hottest markets, specifically in the south suburbs of Chicago.I want to out find which areas investors are actively looking/buying in so I can cater to those markets. 

As for why folks are investing out of state most do so for 1 of 2 reasons.They are living in a market they are priced out of and look to Midwestern cities for lower entry prices.They do not have the time, ability &/or desire to be an active operator in the business of rental real estate.

Hey @Teddy Shonts, I currently live in Portsmouth, grew up near Derry, and actively invest in the Manchester area.

If you have 14 rentals in 14 separate LLCs, each property with its income and expenses is listed on Schedule E as if the LLCs did not exist.The Fix-and-Flip single-member, disregarded entity LLC is an active income business reported on Schedule C and your flip income is also subject to self-employment income taxes.  

It's not difficult at all to get M2M tenants, assess their vibe over the first 2 -3 months (are they paying on time, are they keeping the property clean, are they good tenants, etc...) and then offer them a lease (or asking them to leave) based on what you see. 

As your primary residence, you should purchase the best house you can afford with your kids education and extra curricular activities in mind.Problem with SF public schools is the lottery system, but that's a whole other discussion.