And I Only have about $3000 saved up and was wondering what anyone thought about an early withdrawal from my 401k to get started.

It’s saved me time & money on my house search.

The remaining 10% I have in cash sitting in an online savings account.  

But...If I wanted to engage in other REI deals with money straight from my savings account, would I have to form a separate business entity in order to take part?

Because my ultimate goal is rental properties.

I still have to take my real estate exam (first attempt was a 72%) but I want to work with investors too and read the post I think it was called the ultimate realtor guide to working with investors.

You can save yourself lots of headaches if you buy this with another kind of financing other than hard money.

Additionally, Lowe's allowed me to use their 10% moving coupon on the purchase and I saved another +$200.

@Rajesh T.You shouldn't be taxed twice on the sale of a rental property.Normally the sale of an investment property is two fold.Capital gains taxDepreciation recaptureDepending on your tax rate - capital gains tax rate is either 0%, 15% or 20%Depreciation recapture's tax rate is capped at 25%It is true that selling an investment property with a large gain can ultimately push your other income to a higher tax bracket.

I am looking to learn, network, and ultimately grow my real estate knowledge.