Let me ask you this question, could you pick any of the following walking down the street:Andrew Florance, Carrie Wheeler, Bruce Flatt, Robert Reffkin, David Nunes...Put it this way, if you cannot afford a full-time attorney on your payroll, you do not need to have a complex legal structure. 

If I were starting out now, I’d focus on markets that balance affordability with solid rental demand, both for short-term and long-term rentals.

My solution: mouse traps! 

Solutions, being a resolution-engineer is hard. 

Just speak to your broker about it and they should be able to give you some easy solutions.

These are the pros and cons of these markets as I see it: Riverside: Larger units with more bedrooms; I can afford better neighborhood with less crime (50 percentile); properties are less old but ugly. 

Cash for keys is common, and frequently the part that keeps tenants from moving forward is not having an affordable place to go to.

@Julie J.My recommendation would be to wait until you can afford a home with traditional financing.

This ultimately why the $100k midwest single family homes are frequently discussed in these forums.....its what many are able to afford to buy.

It’s also a much lower priced house than the couple I have now and I can afford to hold this and pay the mortgage with no occupancy.