I’m not really a “people person.”A PM can definitely pay for themselves just in higher rents, late fees, collection of damages beyond security deposits, and reduced vacancy.

I have a few of my higher priced ones in my personal name because you can have up to 10 conventional in your personal name and they have typically have lower rates, so might as well save them for the bigger ones.The majority are in LLC's. 

My most gracious analysis would be this (and this is just me): (1) I think the owner is a very kind man - I’ve talked with him personally.

It kind of depends on the person.

You likely won't be able to take any deductions on your personal income, but real estate does have tax benefits.

.- Personal savings rate as a percentage of disposable income is very low (3.6%)- Unemployment is very lowMarkets don't stay ecstatic or suppressed forever.

Although I haven’t worked with him personally, he helped one of my investor clients acquire a few multi family properties a couple years back.

Are you going to go with residential, personal lending, or commercial?

In every county except Jefferson County, if the assessed owner's name was in the pre-auction advertising, and that was the name called off at auction, but that person died before the auction, then the tax sale is void.

The easier way is to establish a relationship with a portfolio bank (commercial lending) no limit to the number of houses you can own.Better yet, do something like what I do: I don't use banks at allAverage Cash Flow Per Door In Phoenix Metro Areahttps://www.biggerpockets.com/forums/600/topics/58...