Dialing in on a neighborhood and then doing a deep dive would help you to get a better feel.

How about IRA requirements, for instance to be a real estate professional you need to document x# of hours (which is nearly impossible to do w/a W2 job.)

Honestly, I don't think I would feel safe doing anything less than $400 a month.

@J Shoe I will start by saying consult with a personal attorney and CPA (and have them work together.)Typically people buy in an LLC just to keep their name off the record and for asset protection and operation agreements.As a sole investor a lot of people will buy in their personal name so they can more easily obtain quality financing, and then move the asset into the LLC.A lot of people of California use trusts (DSTs) to hold the asset, so they are not contributing to the problem of over taxation in CA, as CA has a franchise filing fee of $800 every year for each LLC.Just some things to think about, but find the professionals that can tailor a system for you personally.Cheers

Feel free to share any resources, tips, or even success stories you have related to being an assistant for a real estate investor.

Novice here, I've been looking into off-market deals but don't feel comfortable moving forward by myself.

No risk=no reward Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You don't want to be getting this advice from the forum unless its from a qualified professional.

If you need an investor-friendly lender intro to go over your financing options, feel free to send me a PM.

They're passive losses but I'm tracking my hours to see if I qualify for Real Estate Professional Status.