Once you've started to absorb all these initial lessons, you'll be equipped to make even smarter decisions and secure even better deals moving forward.

While I can't provide real-time market updates, I can offer some general advice to help you make an informed decision.Investing Out of State:Investing out of state facilitates diversification by distributing risk among a number of marketplaces.

You have found the right place for a plethora of information on REI. 

How do I mention this to the tenant in a way that she's informed that I'm on to her (and this is not a "repair" issue) ?

Failing to stay informed about local laws and regulations can lead to hefty fines or the shutdown of your listing.

Basically if you're making any decision related to this property, such as approving a tenant or hiring a contractor - you already actively participate.

Thank you both for the information!

As a matter of fact, forming it in other states could save you $$$ in formation and the long run.Bottom line, my opinion, it is not necessary at your stage of investing.

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Will help you make an informed decision.