well Im asking for your opinion ;) :Dand as far as I can research, the LLC is the most popular choice for REIs.

We are about to grow like the SF mining town days.

This way you slowly grow your property portfolio and beneffit from low long term loan rates.

My 2nd mortgage (Heloc) is for $117,000 at .5% above prime (Payment $800 and growing).

My goal isn't necessarily building cash right now, but is growing wealth in the long term.

You can do 'in-season use' during the week, and not give up much income either, as weekends are always more popular anyway, you pick which days your unit is 'off the market' and they just make your unit 'booked' in their hotel system those days.2% rule is so far away I'm ashamed to ask about it.Cost: 195,000Annual Costs:Taxes 1633Gross Rents 2012: 24,300Annual Condo Fee: 6000Pay 22% to the front desk: 5400Pay maid fee for booked nights: 2000Pay parking fee for booked nights: 1050Electric: 1200Netting: ~7200/year or $600/month for P+Iso... to get to cashflow neutral ASSUMING NO ADDITIONAL REPAIRS(which is quite a bad assumption).

Here it is. 3br 1 ba ranch just over the bridge to a popular Seaside community on Jersey coast.

It's very popular in Austin.

But how can do some dew diligence on the place. how can i find out how rent is doing or if the city is growing etc.

I hope you will join in whenever you can, sharewisdom with all of us as people discuss their deals and seekadvice, and generally help us all to grow with you.Welcome aboard.