It really depends on your market, but in many, a 6% cap rate is relatively normal.

If you would like to know more about me, I have created a real estate related Instagram account where I plan on documenting my entire process, and to hopefully bring a little value (either now or in the future) to those in the same position as I am.

@Josue Godoy This is a loaded question- If you are planning on being very specialized in a single area it would make sense to go one way or another...this is an oversimplification, but the point is to be diverse enough that you can process any type of deal...for example, really focus on an area you like well...like flipping, but learn how to hold properties as well, and whatever else you want to learn...as you grow, you'll be receiving many leads from different sources...and the point of this rationale is that you should have enough tools in your toolbelt to put your deals in a "best use" funnel...then profit on the other side.I'm only adopting this position because you are so young and have so much time in the industry to elect to pursue and specialize in one strategy.The simple answer is related to your goals...assuming you want passive income to replace your W2 means that you will need to buy and hold properties...similarly, if you start flipping properties, you're creating another job for yourself and creating a liability.

NH is $100 per year#4 - I think your husband's taking possession if something happens to you is related to how you set up the LLC and/or how your estate planning is set up, again, talk to that attorney.  

I have a couple questions related to the tax benefit of selling a home you've lived in for 2 of the last 5 years.1.

Maine is a big state, relatively.

If you buy a property, make it have a positive income stream you can probably sell it relatively fast and move your investable cash into a larger complex later.

You can reach a point, at a relatively small number, of having enough rentals that you're done looking for deals altogether, and just absorb the cash and deal with the occasional repair and vacancy. 

I have 3 questions for you as I'm relatively inexperienced and definitely not familiar with either location. 

When a party related to the transaction has more than one role in the transaction or is employed by or has an ownership interest in a company that is involved in the transaction (including but not limited to third parties such as marketing companies, builder / developer, broker, or realtor), there is a non-arm's length or at-interest risk.