The only downside to this scenario, is that most of the rent revenue would become ordinary income in the new company, instead of simply being an entry on schedule E.

I would also suggest The Millionaire Next Door by Stanley & Danko and The E-Myth Revisited by Michael Gerber.

We are all starting out in real estate investing, trying to learn more about the industry.Topline Notes:18-hour citiesCondo is an apartment that you buy.Co-op: one building is one LLC.Peter Zeihan books:https://www.amazon.co.uk/Peter-Zeihan/e/B00MPX86VK?

You want to focus on bases that have a high population of E-6 and above (at least in the Navy, I am not familiar with how other branches operate but likely similar) because they are allowed to collect Basic Allowance for Housing.

I thought this would e an excellent opportunity to sublease, but I've never done it before.

O&E report is a must (title search), after you have an agreed deal with the seller. 

I highly suggested you get on @Brian J Allen e-mail list to get a pulse on the Worcester rental market - that’s where the numbers work for investing.

I am doing exactly that with a project on E street right now if you want to check it out.  

Will pull out $130k and ha e $20 left in deal.She’s got $3k of her own $ in the deal and will pay for fix it stiff.

Hi @Gayle E.