I “assume” they meant you wouldn’t defer all your taxes if you used leverage on a $450k purchase instead of “spending” all your cash.

You will also quickly learn how to manage properties well instead of spending decades figuring it out like most investors.

I’m based out of Lehi, Utah, and have always been fascinated by the potential of real estate to create opportunities and build wealth.After spending time learning about the industry and what it takes to succeed, I’m ready to dive in and start making deals happen!

THEN, I plan to purchase the second home using a FHA or conventional loan (3%-5% down), for which I will likely pay the monthly cost out-of-pocket, maybe with some rental income support if it is a duplex.My concern is, I do not want to spend my savings or weigh down my debt-to-income ratio so much so that I cannot qualify for and pay the down payment and closing for the lending on the second home.Questions: - With the first home being multi-family, 75% of the rental income (or potential rental income initially) will relatively either maintain or boost my debt-to-income ratio from lenders' perspectives, right? 

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

May or may not work because everything is negotiable, but it's worth a shot.Maybe prices are a lot higher up there, but I spend about $550 for a full inspection and wood destroying insect report and then do additional inspections if I feel the need to.

Hope to spend more time here in retirement.

Insurance doesn't cover anything anymore and we can almost just pay for all damages with the money we spend on it! 

I am excited to get started investing in real estate in out of state Long Term Rentals.Outside of real estate, I enjoy spending time with my kids, as well as mountain biking and other outdoor adventure activities.Excited to learn and connect with you all!

So, realistically, how much time do you expect a PMC to spend getting multiple bids?