Ishaan Misra , I have considered buying "out of my back yard," but my issue is that I really like being involved with my investments and being able to touch see and feel them etc.

In my opinion, yes, it can be done, but you're looking into a bigger mess as far as the government is concerned.Lets preface this with I don't know exactly how this works either, but after a certain amount of people are involved you have to report as a Real Estate Investment Trust (REIT) and have to file extra forms related to your business and also after a certain threshold you also need to report members and their distributions to the Securities Exchange Commission (SEC) so they know as well.Being young (as am I) you are going to run into a lot of dead ends trying to apply for a residential loan with a business name.  

I've been brainstorming for a while now and maybe it's just a natural aversion to risk, but it seems like the only option is to hold where I am and get back financial footing before moving on to the next purchase.Any help is appreciated!

Who needs to be involved.....attorney, title company?  

And, I do get comments about a Joint Venture  an experienced note investor (and see the advantages to it, regarding the fact that there is less risk in starting out) but I honestly feel like me and my partner are able to learn what we must, will put in the needed time to acquire our first notes, not be weary to the challenges, and learn a proper system on our own.

Hello all,I have been involved in real estate for 11 years.

My late start is somewhat justified as I as military for 25 yrs of my life and was never stabke enough in one place. now a retired at a young 46 , I feel I can secure a greater retirement much easier than the measly 2k monthly pension that came at the end of all that serive and risk!

Welcome Gina Jackson staying involved in the BP forums should help keep you motivated.

Low risk and high margins. 

Can you get better return assuming similar risks elsewhere - that's your benchmark.