It may be a challenge to eventually exit without wiping out any cash flow as you noted.

I spend a lot of time in AL (went to school there) and hope to move back eventually.

I actually did this because real estate really interests me and I'm hoping to eventually transition out of my current full time occupation into RE sales and investing full time.  

My only concern is that I eventually want to, you guessed it, buy rental properties.

Its my opinion that if you are going to eventually have an LLC, might as well do it right away and start running your business.

This may not mean anything to you at this point, but eventually, as you build a portfolio and have more on your plate to carry with financing, this will be an important thing to remember.Best of luck to you!

Rubber will fail eventually, which is why every garden hose has annoying pin-prick leaks.   

Look They will eventually reassess the property for taxes and bump it up anyway so why rush your tax hike .

Eventually I will identify a particular piece of property and spend the money on a more exhaustive feasibility study for that specific location, but I feel like I need to have done some research on the Tucson area or SE AZ as a whole in order to see what I'm up against.

In the past few months, I have discovered the area of the real estate for myself and by doing so and searching through the Internet, I have also come across BP podcasts and eventually the website.