Even with your secret weapon, make sure money isnt your controlling decision maker.

@Jeff AshtonWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

@Stephanie BartonWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

It was one the best decision we have made.

You are still young so I would suggest you learn the nuances of the trade and save everything you can and build from there.Good luck,Tim

In lieu of the LLC I'll be carrying the highest amount of liability I can get on the landlord policy, and I'll be adding a multi-million dollar umbrella policy.But even if I do set up LLC's, I'm still going to carry a multi-million dollar umbrella because  owners of LLC's can still be sued pesonally if their decisions resulted in a serious injury/death (such as the failure to not remove snow as stated above, or not to fix that faulty furnace that was emitting CO into the house, or some other form of negligence).

If rents are in a normal distribution (bell curve) like they should be expected to be then half of the units will be below the average and the other half will be above, you need more information before making a decision. 

@Cobi MaimonWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Looking back, it was definitely an emotional based decision.

If it rises to the level of a trade or business it does.