So I have been running a successful personal training business for about half of a decade, and have recently decided that I'd like to start another business, this time in real estate.

Of course, I would want everything in working order, but I tend to want to rehab everything to like-new condition.

So I am 19 looking to get into real estate and become a realtor and in the future a realtor turned investor but of course that is down the road.

This of course depends on whether or not the fire escape needs to be covered and whether the visual impact of the fire escape on the side of the building needs to be considered.

An LLC of course does not impact my 401k or IRA. 

Of course.

These are professionals with additional training and a stricter code of ethics.

Of course, eviction, criminal history, references. 

The ultimate goal, of course, is to have enough passive income to get out of the rat race, as Robert Kiyosaki would say, and not have to work.My big questions are how do you get started? 

It also depends on what your desired ROI is - as long as you run realistic numbers before making any decisions, it seems that either course of action can work for you.