Good for you for looking into REI.One way to approach liability protection is that you can buy the property as an individual with a conforming mortgage and then file a deed to place it in an LLC.

There are excellent resources for new users on platforms such as BiggerPockets.Get more information by reading books and taking online courses about real estate.

Hi all - wife works at Amazon and a substantial part of her income is guaranteed monthly bonuses and eventually RSUs. Every employee at Amazon and many large tech companies are paid in a similar manner. It is very har...

I owe $454k on the mortgage and after realtor fees/closing costs, i could net $200k with no capital gains tax. 

I know some people online say that the government covers repairs but I haven't seen that in any of the documentation and from what I've heard from fellow investors that is a lie.

Both states have fill in the blank on line forms that take  about 15 minutes to fill out, instructions are provided, and the resultant Articles of Organization are state approved.  

While they are paying the mortgage, continue to save for your next deal to move into bigger deals. 

I still own the house and rent it out to pay the mortgage.

I got a long term tenant and they are paying my mortgage.

Instead of borrowing money from the bank, you are borrowing the mortgage of the person who sells you their property.