While selling is a faster way to generate income, if you build a portfolio of rental properties, you can keep the money coming in every month with little physical effort.

. :)Bio and interests below:I've spent a little over a decade in technology services sales in corporate America.

I understand that it depends on how much physical labor I am willing to put in but what I would like to know is what are the benefits from each method.

The ability to buy and sell or buy and hold without having to physically see the house.This is pretty cool and I remember my first deal when I did a deal without ever seeing the house or meeting the seller in person.If you are looking to have more of a lifestyle business were you never to have to worry about going to houses in person, this could be a great fit for you.Also, If you like to travel and want your business to run from your phone and laptop, this could be the business model for you.Over the next few weeks, I will continue to write about some of the benefits, drawbacks, and lessons I have learned from doing 90% of my business virtual.We are also looking for some passive partners who would be interested in getting involved in some of our rental deals in New York.

A little background about myself, I live in a small town in northwest Wisconsin and I'm a physical therapist at a local hospital and my wife is an RN and we currently have a 4 month old at home (who also has lovely RSV so mom and dad are taking PTO to deal with sick babies!). 

As far as bank account, one checking account will work but some prefer to have another account to physically separate the reserve funds.

Physical and economic vacancy are submarket specific.

You have to figure out what you would consider satisfactory and take it from there.Unless you are flipping or are doing full rehabs in NJ and are running your own crews, 15-20% returns may be challenging to achieve once you incorporate all the costs of owning an investment property, including property management fees. 

Since I have already created the LLC and accepted by the state of NC but reside in PA, do I need to create another LLC for PA since my business is a home business and physically located in PA?

The alternative is to work until I am 50 or 55 and invest that $100k passive income into other investment avenues to setup even further success while still making good money in corporate America.Those were pretty long winded examples to basically get across my question of do you have any good methods for how many of these methods/strategies break the boundary of straight investing to actually becoming primary income for the investor.