The most I've ever owned at one time was  30 mobile homes that were dispersed across central NC.

I contacted  one on Saturday. 

This may be a dumb question but what do you suggest:  LLC vs LP when investing alone (or with one other person, my spouse)? 

I currently have one investment property in Philadelphia, (was a house hack that is now a Single Family Rental), and am looking to expand my portfolio in South Jersey. 

Aloha Irwin,As a realtor in Honolulu area, I think if I have to rate one of the worst three projects for investments, I think "Trump Tower" would be in top 3.

It's too bad no one shared this with you during the transaction since several people involved with the deal surely knew this requirement.

You have to cover all the bases, even a situation if you wind up losing money on the deal, make more than you thought, if it takes 6 months to sell or even if one of you dies. 

I'm not bad-mouthing coaches or mentors, I'm just saying you don't need to pay for one yet.

The one thing that may cause a problem is lenders not taking the short term rental income if it has not yet been stated on your taxes.

Transitioning from one field to another can be daunting, but you've come to the right place to learn, grow, and connect with like-minded people.It's awesome that you've already dived into some real estate reading; that curiosity and willingness to absorb information will definitely help you as you figure out your next steps.