But I think we all have that goal in mind -- at least us buy-and-holders do.BUT, Real Estate Investing is not an effortless, riskless, idiot-proof endeavor. 

Good luck in your endeavor whatever your decision is.

But more than anything, the wealth of knowledge you obtain in this endeavor will blow your mind and launch you forward and give you a good head start in investing.That's my advice.  :-)

Best wishes on your endeavors.

Were talking $750, separating the meters is prohibitively expensive out here not sure in your states; ROI on that endeavor is out the window, $7k minimum. 

I wish you all the best in your future endeavors. 

My ultimate goal is to take the experience to the continent of Africa, and hopefully use my investments in the US to help fund continued endeavors. 

Thank you fellow BP attendees and I wish everyone great success in their endeavors!!  

Specifically, you are required to pay about 15% in self-employment taxes (FICA) on all the profits you make from these endeavors; this is because all the profits will flow through to you as income/salary.But, if done in an S-Corp (or an LLC taxed as an S-Corp), the company is only required to pay "reasonable" salaries to shareholders, and the additional profits can instead be paid as dividends to the company officers or shareholders (though not non-shareholder employees).The advantage to this dividend (versus salary) is that it is not subject to the FICA taxes, and therefore you can generally save a few thousand dollars from the tax-man.Does this make sense?

K.I.S.S. is definitely a strategy I plan on implementing throughout my real estate endeavors.