Tennessee doesn’t have personal income tax but if we create an LLC we would have to pay state income tax.

Ultimately, the best market for investing under $250k will depend on factors like your risk tolerance, investment goals, and personal preferences.

While I am a licensed agent but I do not focus on MLS deals.I've been personally investing in Detroit since 2019 and have 12-doors there now.

I am slightly ok with the broker not being able to suggest the best product or charging 500 more for this and that , But what you mentioned is very concerning .It could be some ones first deal and they might completely drop the idea of pursuing this route .

I'm aware that K1's are usually accepted and viewed as ordinary income with 2-years returns, however I'm struggling to find a lender that can decipher the difference between a private investment that issues a K1 and a publicly traded stock such as Enterprise Products, Williams, or Energy Transfer Partners. 

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

You have to get the person face to face.Creative deals are negotiated. 

To which I turn to the most trusted community in RE.Myself and two of my business partners are looking to start our journey in Real Estate development and am looking for some advice, we have experience in owning and managing rentals so none of that is new to us...just building the thing is.We are looking to start developing duplex homes across the Chicagoland Suburbs but cannot find the right person to talk to that can give us a clear idea of where to start.

One product is full doc and the other is limited doc .

It all depends, this is why I always review potential client's books what is the best course of action.I personally do not like QBO for real estate (I make it clear in all my posts lol) I just renewed my certification just because most people can't afford the PM software with accounting such as AppFolio and Yardi.