I'd love to meet up with Springfield locals, it seems like there are several that are active in the forums!

I'm active duty and I bought a primary residence in Dec 2017.

Invest in yourself early.All of my answers should be vetted by a professional...but I'm trying my best.It is not necessary to form an LLC to do a lot of REI business activities. 

Hello BP,I'm an active Midwest RE investor who purchased 16 units in Indianapolis in the last year and a half but looking to expand into a new market and have selected Cleveland for the long-term potential of the city for buy & holds in certain areas of town.

The level of activity and involvement are very different, especially when getting started...and they meet different goals/objectives. 

You quickly get into this whole discussion of active investing vs passive investing, just like we do with RE investing.  

This may entail investing actively and passively, investing in multiple states, and/or investing in various types of RE assets. 

I recommend that you stop reading as your primary means of education after you finish these books and transition to active participation in your investing activities. 

Looking forward to chatting with y'all and hopefully even meeting some of you folks who are active and in the game at whatever level.

There is an hours requirement but also it states that you MUST spend more time on REI than any other activities(s) A read a tax case not too long ago where a surgeon tried to qualify because he self managed his whole portfolio, yadda yadda...Ultimately the IRS said you're in the Operating room for 10 hours a day 6 days a week.