I have  4 LLCs for commercial assets, but dozens of houses over 20 years never saw the cost/benefit of doing secret quitclaim deeds after the fact to get conventional financing and risking my hazard and title insurance just to be 'sophisticated '. 

Another advantage of Engineering is it usually leads to a good paying entry level job, so you will have more income to invest in Real Estate.In terms of Law, I doubt getting a JD would be productive - unless you want to be a Real Estate lawyer. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

The first tenants who lived there stayed for 13 years until both their kids graduated from high school, even though the father had to drive 75 miles one way to work every day, just so his kids could go to this good public school.If you have a good product, good value and in a good school district and a good crime area, it probably doesn't make any difference whether you have single family investment properties or multi-family properties.

@Kevin Sheppard, I am in the process of doing a Fannie Mae Homestyle loan which is a similar product.

I've spoken to Joe several times at length regarding some very sophisticated real estate topics, not only a very knowledgeable guy but a really nice guy to boot. 

But it is more productive than spending time on Loopnet, which is where the bad deals go to languish when the brokers' good clients have turned them down.  

http://www.youngmanufacturing.com/products/retrotread/

Some people might have that luck, but I certainly did not.Brock is a really nice guy, but obviously the product he is selling has some flaws.  

My recomendation is the FHA product with a multifamily property.