So you'll have to weight the pros and cons and also realize you may initially have to stay in the property if you use financing.

If your dreams don't scare you, they aren't big enough!".

I do not have any experience in real estate investing yet but it has always been a dream of mine for as long as I can remember.

Unfortunately, I don't have any dream tenants, hopefully they're coming in the future!    

I’ve spent several years working as a project coordinator and carpenter for a local remodeling and custom home builder back in MN and now am looking to pursue my dream of Neighborhood Redevelopment through real estate investing.I am looking to purchase my first property within the next 90-120 days.

Another thing about foreign entities, while these are done for benefits under the state law of the state where they are organized, your state law may be given greater weight or be applied in some situations over those of the organizing state, real estate laws won't be looking at the color of the organizing state.IMO, and I'm not an attorney, is that foreign corporation status, complicates filings and taxation requirements, the benefits initially sought may not be applicable since you're not really operating in that state.  

I didn't give it that much weight because when I was renting 'back in the day' - I didn't care what day it was - I needed to find a good place to live!  

Big dreams are great but if they are not achievable they are simply a waste of time.

The infamous '1 percent rule' is not possible and a pipe dream, especially in high cost of living locations.I am a San Diego native.  

This is the perfect time for me to start pursuing those elusive dreams.