I've been doing research about this for about a month now and now with a change of thought, I believe buying rental properties and having my money work for me is the way to go. 

Should we change our thought process and look to make an out of state purchase where our capital goes farther but we won't be able to keep as close of an eye on it? 

Since the $425 mortgage insurance payment is included into our monthly mortgage payment already, what happens to that escrowed money when we change loans?

So, when you say you would need a loan from a bank to buy properties I would tell you to start educating yourself on the world of creative finance. 

Most times, he will cost you more in the long run (change orders, needing more money to finish the job, not finishing on time etc...) and add more headaches.

Hello to all BP members.I would like to introduce myself to the group, and look forward to further educating myself in RE.

All these posts are very educational.  

Should I form a legal entity before buying the property of go with my name for first few property and later change to llc?

Keep copies of the listings – read the remarks and price changes Your goal should be to become knowledgeable on values in your area.

Originally posted by Jeff Beard:PM is typically an 8% gross rents business PLUS 'fees' and that's the trap - -nickel & dime you to death.I wish I could send you a link to our negotiations class, but it's not available outside of the full educational package.