Hi - I’m relatively new to the real estate game and am just starting to read multiple books involving this topic.I noticed a house being cleaned up two weeks ago, talked to maintenance people, and was in the right place at the right time to talk to the owner.

Started a reading journey in November of 23 that changed my trajectory.  

Not that its impossible to get creative financing or that its bad to start investing I'm not saying that by any means at all the earlier the better but the safety blanket is small with no reserves for an expensive learning experience which in this industry is likely. 

You will start to see significant cracks in the seller financed space

I just started up with them, and I am wondering if I will make even one deal.  

I would think that might start to have an impact.

The primary residence is a cost center and loses you money, since you shouldn't bank on appreciation.

It's great to hear about you starting your real estate journey.

I started by placing my 1st rental property into an LLC (for this example, *JOHN SMITH PROPERTY INVESTMENT, LLC*).

I'm sure PMs lose money on properties that are $500 a month.