I live in New York (for now 🙄) and will be buying investment property outside NY state.

The tenant has been living there for just over 10 years.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

I need a new job that aligns better with my passions, where I can make enough money to live in the meantime - so something in sales - but I legally can’t get a real estate license, and can’t go without pay in the meantime before sales. 

Right now anybody can create a fake lease and say they live in a house. 

@Brian KilpatrickYou 100% do not need an LLC (speaking for Texas)I have 1 primary residence turned rental and now live in another primary.

First timer here, I live in Seattle, WA houses here are too expensive to make a mistakes for first timer, so I am considering start small from more affordable areas, like Detroit Metro Area or Cleveland, or maybe other locations more seasoned investors can recommend. 

He wants to give the house to the 4 children and 2 of the children are willing to contribute added capital to improve the house so that Dad can live there for the rest of his life, he is currently 80 years old.  

@Madden Telles  FHA loans are only for purchasing a home to live in, so you wouldn't be able to use this type of loan to purchase an investment property, and you won't be able to buy it under an LLC. 

Initially, they might face severe struggles, sometimes even needing to relocate or downgrade their living situations to make ends meet.