I purchased a property in a Del Webb 55_ community, with my parents in Indio CA, 3 years ago.

Whether it's better to form an LLC that will hold the actual real estate in the state I purchase or will a NY formed LLC be just as good. 

I'm a newbie investor, in the process of buying my first rental property. 

I am trying to decide if this is a worthwhile endeavor.From what I have read, the main benefit is early access to MLS for purchasing homes and saving on commission costs while selling homes.This leads to two questions: - Is simply having early access to new listings worth $600, or is it only worthwhile if I plan on flipping and selling a property on my own?

Purchase price: $212,500 Cash invested: $50,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

It’s my understanding it’s very hard to meet reps status working a w2Also I believe once you get above $150k basically you lose any benefits of reps status I think I will be able to qualify for the STR re status if I run the cost segregation when I purchase the house. 

Currently transitioning my focus to finding an affordable buildable lot to purchase outright then going the Private Money lender route for our first build.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Purchase price: $135,000 Cash invested: $80,000Turned a 2 bedroom 2 bath house into a 7 bedroom, 4 bath house.

Purchase price: $63,750 Cash invested: $13,000 This was my VERY FIRST deal.