Looking to get involved in the Camp Lejeune area, if anyone has tried their hand in that market please let me know.My interest is specific to SFH, although, even if you operate in other types I would still like to discuss PMs, Attorneys, etc.Thank you.

They also take time to learn the area in more than just a superficial manner.No doubt that there are "better" opportunities in areas where the numbers make more sense, but a weekend Wells Fargo "Investor Seminar" held in the Bay Area doesn't give you all the tools you need to successfully operate in a place with which you are totally unfamiliar (personal anecdote).

Karen Warren you form an llc and then you get your attorney to draft an operating agreement.

Certainly can adjust the purchase/offer price, but that gives me a simple, internal comparison to consider.

Again assuming you contribute to the cost of operating the busniess. 

Taxes are irrelevant too, as many of these owners operate their business as all cash.Send me a message if you would like some help getting a handle on your numbers, I'll help you with ways to get the basic foundation of your business in order.Regards,Nicki.

It should be pretty simple with your employment position but I would look at the possibility of reducing my mortgage payment and try to save up 3 if not 6 months of paying all of your expenses and change your mindset and do not be a big spender any more and only take anymore debt that does not make you money.As far as new investments go I would look at possibility of taking a home equity loan. 

Operator error tenet should be paying.  

Although you might think that only applies to a contractor, they have the following example:Operative (Speculative) Builder (Also known as “Flipping”) A person who owns land and builds with the intent of selling the building once it is complete is an operative (speculative) builder and is a prime contractor.

You can always pay a management company the $350-400 to manage the property to, but you aren't locked into that if it ends up being simple to manage (A class properties are a breeze).