There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I like the possibilities of creating through real estate through so many methods and allowance for financial freedom.

I’m seeing low cost properties but in pretty rural areas.

I am using cost of the home!!!

My general assessments (this year) so far are, most HOAs are not rental investor friendly or have too many restrictions, costs etc. - way too may issues renting, updates, policies, rules, repairs etc.

Over the last 6-7 months, I’ve been doing my best to “get smart” on real estate investing, starting off with Rich Dad principles, which led to Rich Dad Advisor (McElroy, Sutton, etc.) audiobooks, which led to BP podcasts and doing YT research on tax benefits…I’m feel ready to take action and start putting everything into practice but still not certain which method is best for my first investment property.

Otherwise it's gonna be a costly HOA fee increase for us owners.Thanks!

You get grandfathered into the codes that were in place at the time, you get the old setbacks, you don't pay an architect, engineer, city and permit fees, plan check costs, school fees and other costs that will not come with an existing house.Not saying that you can't build new for less than a remodel, but not usually when you add in all the costs above. 

It's the "easy button" in that it requires very little work, but it will cost you more than it's worth and scaling will be slow, if at all.My recommendations:1.

Moreover, what is your method of financing?