Hi everyone,I'm sure we've all heard about setting up an LLC to protect yourself and assets from unexpected problems in a property.

You might never see them post at all.This is a very powerful site not just because what you see on the forums but all the other benefits that come from this site offline.The best thing I can say is get educated and be the best in your field and share that knowledge.

So while you have the earning power, the youth and the energy you must JUST DO IT!

Not attempt a 1031 exchange when their intent is to hold real estate productively simply because they are afraid their intent won't be believed.There is wisdom in many counselors and it is in working with your professional team that you will find wisdom to decide whether or not to use a 1031 on a sale.One powerful trend that @Zachary Curry is referencing though is the tool of the reverse exchange and the increasing willingness of lenders to make those kinds of bridge loans that allow investors to lock up their next project at today's prices while positioning their current property so it can enjoy longer gains and further establish intent as use of qualified property.  

First learn the many ways to control real estate, use some power prospecting techniques, find below market houses, control them with a skinny or hybrid contract offer subject to assignment.

From what I understand you need to budget capex to handle large ticket items that will fail eventually and unexpected expenditures (roof, furnace, AC).  

It wasn't so much designed for the expected expenses, property taxes, insurance, etc but for the bigger unexpected ones.

What I learned after having every single power tool stolen from a flip property - the day after a very young team of males installed new HVAC supply lines in the subject property.

The key is to not over leverage yourself, so that any blip in your plan - such as an unexpected, prolonged vacancy of multiple units, etc. - doesn't wreck you.Learn about the time value of money, net present value and internal rate of return. 

Just want to get the opinion of the BP Community.I am one who believes in the power of a business card.