I started as a lurker myself.

We also had an extra umbrella policy.Now that a few years have gone by and we've obtained more assets, meaning we have more to loose, it's made since to start an LLC and start to move things under its protection.Even if you get a good management company, which sounds hard to do, you'll still have to manage them and make sure they're staying on top of things.

House hacking is a great way to get started in real estate.

I have not yet lost a remote since I started doing this some years back, and 99% of people never mess with the original TV remote because they don't need it and don't know it's back there. 

At first I learned "use an LLC," no brainer, then I started learning more and now it's not a no brainer. 

We started the process to sell it and this is what the buyer’s attorney has brought to our attention.

So then they need to sell them, they start doing audits. 

Its not that you should not start you should but you should also be realistic.

Our household income is currently $320k pre-tax, but I might be getting a new job soon, which could bump our income to around $380-400k pre-tax.Initially, we planned to buy a property and convert it into a duplex, but with houses in our area starting at $650k, we've started considering a different approach.

Choose a few markets that have strong rent demand on LTRs to start and then do your research to determine if it’s a good MTR market / works with your business plan