Using an LLC is for liability purposes.

My main focus due to my financial situation has been wholesaling strategies, but I want to expand into every avenue of RE Investing.

Account Closed : We are renting out the top 3 bedroom flat of the duplex on an annual lease and living in the main floor flat. 

Yes, it could of been much worse.However, my main concern, is making sure the tenants are smart enough to not to do it again. 

Hello everyone, I currently have 6 properties all in Maine and all insured through Allstate. 5 are landlord policies (3 unit, 4 unit, 3 unit, sfh and 3 unit) and one is home owner (4 unit).

The 2 big players which I consider my main competition currently have their hands full.

you need to check with each state.. but generally anything that is commercial purpose no license needed except for about 12 states in the US were an NMLS registration and state licesne is required.off the top of my head states that require licenses areOR  NV  SD  CA TN  and I think Minnisota  and there are a few more.. check your state.. usually you can just look on a big local HML website if you see NMLS registration and state license then your probably going to need one.However bottom line is to check with the state .. and or an attorney who specializes in this.

When I represent a buyer on the retail side, the main factors are budget ($250K means Brockton, not Wellesley), commuting options (highways, commuter rail, commuter boat), Schools (refer to www.GreatSchools.org) and crime (I use Trulia's crime heat maps).For investors, it's a lot more about where the investor wants to be. 

There's a good amount of takeaways here, but my main action item is to continue to research different regions on my own. 

They are good to approx. a value but serve little purpose when doing deeper valuation.