Hoping to gain advice and recommendations for buying correctly and setting up my investments as a business.

My goal is buy and hold livable properties as rentals and do the whole passive income / gain equity over time thing.I have been looking around at bank owned properties mostly in Maryland (including the suburbs between DC and Annapolis, and up to / including Baltimore City).

Between BP and the library, you can gain any information that you need.

I wasgoing over the basics of this to myself to seewhat the gains and losses might be say over3 years, buying for self use, renting for self usethen later renting out for self income.

Most of my experience is on the residential side of real estate so I'm looking to gain a better understanding of commercial properties.

@Brian EastmanI thought you couldn't use a self-directed IRA for personal gain or indirect benefits (including using it to invest in your own or a relative's business).  

Mic,Capital gains tax will kill you if you don't replace the investment through a 1031 Exchange.

When that has happened  (rarely)  I make it a point to stop by their house or office and ask them in person why they apparently deliberately deceived me for their own gains.  

We are getting mixed responses saying we have to remove and replace all the trusses and roof at approx $60,000 to cutting into existing trusses but only gaining height in a 12 x 18 ft area.

is a great way to live and have your mortgage covered while gaining experience as a landlord.