Just as a side note, here is a mistake I see a lot of people make: You almost never want to hold your real estate investments directly in your S-corp.

I'm still absorbing info at a steady pace while trying too build a network. haven't come across any deals that work for me yet but I have been sent a few from a couple people i've met so far. i'm still open to any one that can send me deals in the CT area. i dont have any specific market singled out, but my budget will pull towards then lower classed markets, which I'm fine with. thanks in advance. 

Looking to connect with like-minded people who are currently doing co-living (especially in the DC/Southern Md/Northern Virginia areas) 

You can ask at your county to see if they or anyone else around teaches the basics.I've been to several of the free pitches of the national touring acts...and most gave enough wrong info that it wouldn't make sense for most people to take the class or pay additional money over the free pitch to get started.   

Glad to be here and I look forward to working with friendly and helpful people. 

But if you plan to travel back and forth, just make sure that the people you have working on your property are highly reputable and trustworthy.

We expect a lot of positive media feedback about Detroit next week after this weekend's NFL Draft which 400,000 people are expected to attend.

Therefore - if  you are  definitely planning to use a LLC - I would recommend  leveraging the purchase with the new loan versus  counting on being able to pull  equity out of the new  rental via a new loan to the LLC 

My wife and I look at a few different things: - Location - City growth (are people moving there, is a big company settling there)- Costs of the property vs. the rental income - Appreciation vs. cash flow (which is sometimes dependent on the city)I'm curious to hear what others have to say!

It’s 7 miles from a town of 1500 people and 30 miles from the big town of Marshal (17k people?)