Ultimate goal is to get 20-25% of credit line on a per project base, or 15% of annual gross income.

If you want the investment of people who freely give their time to contribute here, it will help to recognize that we ultimately don't care about your lifestyle - we want to give you the best opportunity to succeed if you choose to pursue REI.

The reason the Markets have gone up for 9 years is because the Fed guaranteed the Banks would survive with Zero Interest loans and printing endless amounts of Money to Buy all of the excess Government Bonds or our Debt.

If none of what I'm saying makes sense, stop and read the ultimate beginners guide on the website.

Hey @Dominik Perrenoud welcome to BiggerPockets go check out the Ultimate Beginner's Guide: https://www.biggerpockets.com/real-estate-investin...It's a pretty neat guide for starting to learn more about Real Estate Investing.

Ultimately the final decision is yours, however it is very important to be as educated as possible.

@Mindy Jensen the LLC question comes up so often, that it should have its own dedicated forum category "Should I get an LLC" or a sticky "Ultimate LLC Thread".

Never done it myself, but that's what I would do in your shoes if you can survive off the minimal pay.

Unless the seller provides a fully amortized loan, the ultimate goal is to bring the property and the borrower to conventional standards, that also applies to any future buyer. 

I'm really looking for the seasoned real estate investor's opionions that have survived a few market scares.Thanks, JP