For example, a property in San Diego may lose $500 per month ($6,000 per year) but gain $60,000 per year in value, making it worthwhile to "lose" money each month in exchange for long-term gains.I recommend you start with BiggerPockets Ultimate Beginners Guide (free).

Not much, but something to keep in mind.They are all good options, I would also recommend a place where you are physically the closest to or can get to easily.

I'd highly recommend house hacking in your local market since you're in one of the highest cost of living areas in the US, especially if you're renting currently and planning on staying in the area for 5-10 years.It sounds sexy to go out and invest out of state for your first property.

I recommend not bringing these owners on.

If this isn't the type of loan which would be recommended, if anyone knows of a different loan that would better fit this situation, please let me know. 

@Jerry Tello I don't know of any books to recommend.

I do have a great agent recommendation if you need one.Hi Tim, thanks so much for the warm welcome!

I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre.

Quote from @Russell Brazil: @Wale Lawal is the top investor agent in Houston @Russell Brazil Thank you for the recommendation. 

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!