I have some few questions on the subject so please help me understand certain things:a) What are essentially the differences on your taxable rental income when you file as a sole proprietor and when you file taxes as a LLC.

Essentially, profits are tax free.

@George AllenOnly thing with a land trust, this essentially locks up the property and does not give you flexibility?  

I'm most excited to learn how to do my own repairs and definitely plan on doing a good portion of the work myself - the knowledge gained from that is essential. 

Essentially the east coast.

if values drop so will taxes, and you can deduct based on loss value, your rents will maintain with very minimal hit so hacking a hold is as strong of performance as you can get id look at cashflow over appreciation as you could essentially live for free if you do it correctly

Real estate education is extremely essential.

I work a full time job as a building commissioning agent, essentially working on commercial energy projects and new construction.  

Essentially the only types of investments that may not be held inside an IRA or a 401k are the following:Artwork,Rugs,Antiques,Metals - with exceptions for certain kinds of bullion,Gems,Stamps,Coins - (but there are exceptions for certain coins),Alcoholic beverages, andCertain other tangible personal property.

The solid reserve is essential.