It doesn't have to be complicated but eventually you'll want something to show to a potential investor so they can see their return.  

The initial thought was to hold whatever profits for capital to be able to eventually obtain these properties for rehab and flip.

Hello guys just wanna throw this out there to see what you think. Let's say I buy a two family house that generates about $800 profit every month. That's after all expenses are paid. The taxes keep going up yearly. Ar...

This will eventually be a master suite:

Eventually when I build up my capital I will start working on more long term holding scenarios.

Hubby and I  bought a 2 family last year and rehabbed it, we are hoping to sell it next year for a profit (60-80K) and use that capital to start flipping homes and eventually do this full time. 

Also have you considered a lease to buy option from the seller which means you will eventually own the properties?  

A nice new construction single family rental in an A class area with A class tenants may be the 40% rule.Remember, the 50% rule assumes LONG TERM -- potentially 30 years or more...So, that older Class C will eventually have to undergo a big rehab and the expense ratio will drop. 

I aspire to be able to use real estate investing to pay for my son's college and eventually quit my job to invest full time!

Initially I was going to start buying and renting property and have looked into a llc and am also starting to look at a series llc as I am planning to eventually having property in multiple states.