Specifically, I would love to hear about:1.First Steps: What are the most critical first steps I should take to get started in real estate investing?

Right now I think it’s a good idea so we can claim the rental revenue as income. 

Let me know what you guys think or what most people are doing/not doing

We need additional 50k to Finnish house and estimate conservatively it will be worth 350k, I think it will be closer to 420k.

I think the reason why they suggest this is in order to avoid any potential lawsuits regarding Fair Housing Laws. 

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

Think about your down payment, which is often 3-5% of the home's price for regular loans and 3.5% for FHA loans.

I was thinking of speaking with a LL attorney from the state to see what advice they may have for me.Is there anything that you incorporate into your lease whether that it is provisions for insurance/liability shifting?

Think about location, state of the property, and tax perks.

Some of the best advice he gave me was to not be scared or think you are too good to learn something, he gave the example of installing a water heater.