@Dimple Khurana , The process of entity structuring is somewhat depended on your risk tolerance.

It is, admittedly, a more complex strategy with the attendant risk of having that mortgage payment to cover whether the property is rented or not. 

I do have family that lives in New Jersey but if theres ever an issue down the road I don't want to have my family involved or have any risk. 

Account Closed In my opinion, going for condos is risk itself alone before starting to talking about buying condos just for appreciation.

really the only risk to being sued as a landlord is if your a slumlord..

It doesn't matter that you said "You do this at your own risk and I am not liable for any damage or injury"...you are still the property owner and will get sued. 

I believe the first rental is the risk after that your feet are already wet so to speak any help would be great thanks in advance

You don’t get to reap the Beniifits directly from your Ira risk.

This carries lots of risks and are not for a newbie investor.

You can get started without any capital.Flipping you have more risks but the returns are also higher.I find that a lot of wholesalers have terribly bad deals because they have never flipped themselves.Imo, you learn a lot more flipping houses.But having said, wholesaling forces to get in front of people.