It CAN be higher paying than a W-2 job while also giving one the practical experience and knowledge necessary to invest full-time. 

They oftentimes are very familiar with different aspects of Realestate investing and offer valuable knowledge and information.

Everyone's situations are different, and the implications can be huge between how you do it, so be sure you are talking to the experts on it.

After educating the seller (they have some knowledge of OWF but slim), found out they were burned on a land contract with a Condo years ago but said they are interested in being creative with the deal.

I've been reading this thread and enjoying it.Just have to say, and I'm DEFINITEY NOT an expert in any sense, but while "history tends to repeat itself" is a useful maxim, it's also sort of silly. 

There are plenty of knowledgeable people out there willing to share information. 

@Matt Harris is very knowledgeable of the Rochester market, landlord/tenant laws, and all things property management related.

Hey Ryan,To my knowledge, it is possible.

I respect who call me and ask me questions to be knowledgeable enough to make an educated decision.People that make a comment like that just because.......not so much.All the best to you.Lia 

You can certainly find lenders and products which will consider the rental income for future loans.I don't have much knowledge of LLCs, but this doesn't sound like the right move to my untrained perspective.