Show them the risks and benefits of a flip and the passive income of a rental.

Show them the risks and benefits of a flip and the passive income of a rent property.

And whether I lease or buy, the car factor is a very minor percentage of my income while it can be a big expense for most people.  

My goal is to buy a few homes and have rental income flowing in. 

I believe the state where the LLC/LLP is organized will want a share of income tax on those properties by default and you will have to demonstrate (through more forms) why they should not if the properties are in another state.  

My goal is passive income.  

I have a steady income as a employee at Costco but, I don't want to be there forever so I'm not sure if I should start a career in real estate as a broker or an investor first?

This is a 5 Story appartment complex outside downtown.First story is commercial businesses leasing out.Second story are 4 apartments all leased, I haven't seen anything but the hallway but they look very nice.3rd 4th and 5th are gutted.The whole thing is going for about $310,000I'm guessing conservatively that the current monthly income is around $4000.

I actually just made an offer on a 3-unit in Salem, NH great location with great rental income, but sadly was outbid.

Our goal is to increase our net worth, to help supplement retirement income down the road and to currently provide a stream of cash flow to enjoy some of the finer things in life.We both work full time in professional careers and have so far found a way to manage careers and the real estate business while keeping up with two kids (15 yrs & 20 Yrs old).