But, if you don't have a downpayment, have already used your VA entitlement & want to acquire another primary, it might be worth it.

Before you acquire your first rental, those expenses will be considered "start-up expenses" and can be expenses/amortized when you acquire your first rental

With creative financing or out right cash what is the best way to acquire this?

Since I can acquire up to ten properties through residential in my own name with better terms, I'm thinking of doing this before putting properties in the llc.

More long-term, I think a good investment strategy for me would be to acquire rental properties with a buy-and-hold mentality to build a substantial passive income.I have a relative who lives in Dallas who I knew had a few businesses and real estate properties, so I called and asked his advice on how to get started.

The challenge there is that accumulating enough properties to generate cash flow on par with a solid middle-class income (especially in a metropolitan area) requires deploying a substantial amount of capital to acquire the properties, and achieving attractive returns requires careful selection of the properties (to buy below market value), attractive financing, and likely some amount of rehab work along the way -- all of which require a degree of expertise to do successfully, as evidenced by BP itself.If someone is unwilling or uninterested in really digging in to understand REI, they could of course still own rental properties through a turnkey provider or a REIT, but in both cases are giving up some of the upside potential that rewards the patient and diligent.To be clear, I think REI is a great choice for building wealth and Real Estate in some form should absolutely be part of almost everyone's portfolio.

In St Louis, that same 100K would let me acquire as many as 5 properties.

I have one investment property currently that I used an FHA mortgage to acquire.

Sometimes seminars are held discussing strategies for acquiring property with little to no money down

My goal is to acquire cash-flowing real estate.