Learning the business by myself primarily through books, as well as practice, failure, mistakes, and consulting with others, was a process that required an abundant amount of time/capital.I would definitely recommend the option of partnering with an experienced rehabber on your first project.

MTR is definitely great idea.

Also, in TX it's a good idea to make real estate purchases taking into account.local differemces in local 

A lot of people when they start with us have no idea if their marketing is successful (and to me, a healthy company should be making around $3 for every $1 spent on marketing over a 6 month span.)

Hey Brian, investing out of state isn't a bad idea when the numbers aren't making sense where you live.

My idea is to do the FHA 203K and renovate them fully, converting them both back to duplexes.

Get a copy of the June 3rd Reno Gazzet Journal to get a better idea of the real estate values.  

The quality of furnishings and other little amenities that make life nicer (especially for MTR) have impact on your rent income.To see if your deal is a good idea, I would suggest to show the price, down payment, financing terms, size, and if you can, historic data on MTR in that area (Assuming STR adn MTR is even allowed) and the property tax situation.

Thanks Josie, that's a pretty good idea. 

Hello BP Community, can anyone provide insight on the practicality of using a living trust to hold rental properties vs an LLC for asset protection?