My thoughts here are merely informational, and do not establish any attorney-client relationship.

As the titles says, new investor looking for a established club, or others interested in starting a club, in NE Philly or Lower Bucks.  

You could potentially work with your CPA to structure your rental holdings as a business that generates earned income and therefore the potential to establish and contribute to a Solo 401k, but it is unlikely that would be to your advantage - moving low-tax income to a higher tax framework so that it can be tax-deferred into a retirement plan.

As I establish myself in these markets I will be sure to be in touch.All the best.

I will begin by cycling I am a little biased towards Cleveland, Ohio - if you have not seen this market, I recommend looking into it, $50K down payment can go a long way in good well established suburban neighborhoods.

Briefly, you want to:- establish current condition, renovation costs, market value, rent rates- complete a proforma based on those fundamentals so you can begin to get an idea of what your financials are looking like- from your proforma & fundamentals above, establish a price you can pay for each home & begin negotiationHappy to provide more details where needed- good luck and reach out any time!

My biggest advice, never, ever let them get ahead of you on draws and I would advise until a level of trust is established that you purchase all the materials.  

I'm quoted $2,250 The cost for each additional series is ~$200 after you have established the main LLC.  

However, I definitely feel driven to make it as a real estate investor, and have been researching and gathering as much information as I have time for.My goal is to establish a portfolio of around 35-45 units and hopefully generate enough passive income to where I can comfortably enjoy my life, independent of 9-5 work commitments.

Establish credit.