To answer your question: you should consult with an incorporation attorney to determine if single vs multiple LLCs are right for you as far as mitigating risk or other issues.Congratulations and I wish you nothing but success, Spencer.

I attended my very first REIA meeting in NWI (Northwest Indiana) last night, and it was a game changer. 

The interesting part is multiple counts( I will also include some facts to hopefully help with context):1.

Perhaps someone new to the game would like to get in on that one, since you know it’s not trashed or in a bad area.

They have more skin in the game then you do.Make sure you get clear title.

If she can supposedly find out who your mortgage company and insurance company is after her strong Google game, she could have found out who you were and sent a certified letter.

I have listened to almost every Bigger Pockets podcast, and have read multiple books on investing, and I am fully convinced RE is going to be my path to financial freedom.I currently own my own custom sock company (Ok Sock), so I am not locked down at a day job.With that being said, I am on the search for real, cold, hard experience.

.$1million dollar house is going to cost him $100K down payment + Stamp duty +transfer costs.Hi @Issac, QLD will win the new two Origin games :) Welcome plenty of knowledge on here.

The formula is simple and is as follows, 75% of gross rent - PITI = net rental income.If net rental income is positive its added to your total income and improves your purchasing power.If net rental income is negative then its considered a liability similar to a credit card or a car loan that you gotta qualify for.Some banks have "overlays," or additional requirements they place on top of borrowers when you have rapid acquisitions of multiple properties but by no means is 2 properties in one year considered "rapid," by most lenders, however 3-5 would be its an underwriter and case by case bank "call," to make. 

They have more skin in the game then you do.Make sure you get clear title.