Make sure to go up to the "Learn" section and download the Guide. 

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

They will be able to guide you through the tax and liability implications of each, and refer you to any additional professionals as deemed necessary.

However, IMO the worst part was the customer service - quite difficult to work with.  

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Be sure to check out “Learn” for all kinds of useful resources and free how to guides.

There is a webinar scheduled for tomorrow night entitled: "How a Newbie Can Start Building Wealth Through Real Estate"You can register for it here:https://www.biggerpockets.com/webinarAlso, make sure you read or download the Ultimate Beginners Guide to Real Estate Investing:https://www.biggerpockets.com/real-estate-investin...Lastly, ask questions and stay active in the forums.Best of luck!

I highly recommend BP's Ultimate Beginner's Guide, it helps to form a general foundation in the industry.

And maybe read BP's own Ultimate Guide to Fair Market Rents.Ultimately, it's your call on whether or not to lower the rent amount. 

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.