For example, does the rental property has to be in the same state as the LLC formed? 

@Ashish Acharya thank you for your response, but I feel I'm still missing/misunderstanding something - you said "the IRS allows spouses to combine their time for material participation purposes", followed by " only one of the spouse's hours counts for the REPS status, which means only one of your efforts can count" - which one it is?

I've been hearing a lot about the potential of real estate investing to build lasting wealth.

@Chai Xiong Just tried calling today.

You could try getting a HELOC with your primary and using this money as short term funds to acquire rentals that need a light-medium renovation using 100% purchase/rehab hard money and just using the HELOC to pay points and holding costs.

I'm particularly passionate about Florida and it's vacation spots.Outside of real estate, I enjoy my family, taking vacations, cooking, anything that pertains to the outdoors and learning about different cultures.Excited to learn and connect with you all!

Hey Jack,First off, huge congratulations on taking this step at just 20..you've got a bright future ahead in real estate!

Thanks for all of the responses. 

From the options available on a profile to "cancel" subscriptions https://www.biggerpockets.com/settings/subscriptions..False Option 1, "cancel Subscription":https://www.biggerpockets.com/before-you-goThe cancel button literally does thing.

I've been curious how it compares to other 'pro' tools, I'm not an advisor just a personal finance nerd.