The above questions leads into this one:  How much do you want to spend rehabbing the property? 

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An LLC is not free.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Depending on how you set it up, it won't reduce your earned income, but there may be benefits to making the rent itself tax-free for many years or at least reduced (assuming you never recapture depreciation).

Using this tax free bucket, you can borrow against it at very low rates to pay off your student loans.  

I would suggest using our Find a Lender service which is free for you to use in order to find a trusted and vetted hard money lender directly from BiggerPockets. 

Plus, it's free.

If you need some guidance or advice, feel free to connect with me. 

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