The area overall has very little tenant turnover, but I have some reservations about jumping into low-income housing due to the stereotype that there may be more potential for property damage. 

I've also entertained the idea (as a way to compromise with my dad) off starting of with a wholesale deal and using that profit to finance a rental property or two and sort of perpetuate that strategy to get exposure to both avenues which may consequently lead to our continuing this strategy or choosing one of the two that  we may favor more than the other.

Why the distinction between LLC and a Corp or Sub S corp, I have no clue, but learn what the rules are and you can then create a perpetual machine!!!

Don't want to perpetuate any idiocy here from my end...Normal situation:Purchase price: $100k (we assume this equals actual value of property)Buyer/borrower: $20k "skin in the game", i.e. money in the deal itself, used to pay part of the purchase priceHML: $80k as loan to borrower/buyer, paid at closing to sellerThis makes $20 + $80 = $100k as total purchase price (we shall ignore any fees etc)Refinancing part in normal situation (mind you, property is not sold):New owner wants to pay off HML and goes via route of conventional financing.

. # of companies per city)General knowledge or stereotypes of location (not the best criteria but given that I had more states to choose from than I had time to explore each individual state in depth, my goal was to find reasons not to invest in a state)My results: 12 statesTexas, New Jersey, Georgia, Virginia, Pennsylvania, Florida, North Carolina, Massachusetts, Washington, Arizona, Maryland, NevadaStep 4: For each of the 12 states, I listed out all the cities that had at least 1 Fortune 500 company and cross referenced those cities with a list of colleges from http://www.collegesimply.com/colleges/.

Seems like I'm perpetually kicking the can down the road.

A partner who has Ownership of your venture, sometimes into perpetuity...You can message me at Mike at MassRealEstate dot net for that AttorneyGood luck Buddy!

We have been in a perpetual falling interest rate environment for 30 years.

So I've been going to a lot of different meet ups and I have notice that when people meet me they have alot of different stereotypes before I start to talk to them.

Such is the price of perpetual summer I guess.One size doesn't fit all so make sure you adequately research for what's right for you.