Can anyone provide any advice or suggestions on going from a job with benefits to no benefits at all? 

Mainly looking to start with rentals.

The larger benefits you get from investing in residential real estate are from the mortgage pay,down and the capital appreciation over a long period (as prices can always go down in the short term). 

So if in case I go LLC route, do I lose those benefits?

The property is located near Main Street and the local college campus... pretty good location for this small town.POPULATION:14,096UP 6% SINCE 2000AVERAGE INCOME:$59,823 PER YEARAVERAGE AGE:33 YEARSGENDER:50% MALE50% FEMALEHOUSEHOLDS:5,09936% WITH CHILDRENAVERAGE VALUE:$141,509OCCUPANCY:70% OWNED30% RENTED13% VACANTAVG.

. - timing a market is always 20/20...Remember that in a recession, some properties are traded for a higher cap rate, but it's harder to raise rents - and in a value add deal is the main source for your profit.

Don's lease template is also used quite heavily in this area and across PA.I am not associated with Don nor do I get any monetary benefit from these recommendations, other than been a satisfied user.He used to be the president of a local REIA (before my time) and I think still offers live training courses a couple times a year.

Obviously cost would be the main factor, but everything else is exactly the same.Yeah, numbers are key.

that occurs on the 2nd Saturday of every month which is mainly composed of out-of-state investors. 

I also am studying an accountant program, and I also want to change jobs into that field as it will double my personal income, and thus increase our capital and reserves, and also benefit our real estate journey through the knowledge I will gain.