Your trying to leverage up or out and that's the smart thing to do.  

I am a Marine as well, your brother is a smart man lol  

Also look at the monthly bills for electric and heating....and if there is a pool(s) the water evaporation replacement costs.Does it have 100 year old chimneys that are unusable and crumbling, needing expensive scaffolding re-pointing or removal.I'm just pointing out there are LARGE dollar outlays beyond normal for these big Trophy Homes that it would be smart to budget for monthly.Do you intend to ride a lawnmower and cut the grass yourself or pay for it--etc...

In my gut there was something off but maybe i was scared or nervous to make the wrong choice?

@Julie Verardi  are they obligated to shovel and get a $40 discount each time it snows or do they have a choice to shovel or not? 

If incomes don't keep rising, prices will soon hit a ceiling.Second, and related, the Fed is becoming increasingly hawkish -- they have no choice but to increase interest rates this year to fight rising inflation.

The first property was a feat in itself with the money side of things, and convincing my wife that this is the smart route to go.

But, I thought it would be smart to not over complicate it so much, and pull out of this, so I can actually set myself up for success, do more deals this year than have one huge project where all my cash would be consumed. 

If I had a choice I would want to stay in Long Island, New York close to home but with house prices and the low inventory I do not see how that is possible. 

Hello everyone, I am new to investing and I was wondering if it is better to buy an investment property, with an LLC?