It's a people business and relies heavily on networking and your ability to work with people.

If they do not have the ability to accept residents in wheelchairs, it would be unwise to accept them.Finally, at least in the state of GA, you would not need a license as the owner of the home, but that could vary on your state and local rules and regulations.

You will need to get a local, rockstar Realtor, contractor, lender, and property manager. https://www.biggerpockets.com/blog/core-four-real-estate-team As for picking a specific market, I would choose one that has job and population growth with a high median income, and Columbus, Ohio is a great choice.

@Brittany C SpraginsMost will say realtor because of their network, that is essentially what you are getting when you chose a realtor besides personality fit and work ethic ( but that again will fall into the networking ability, Thierry network.)With that said, connect with everyone, start making phone calls, start making connections and relationships.There is a north Raleigh meetup next Wednesday’s.

For the search and ability to get a yes, find a property that is out of the area for the agent for instance you have a 626 area code and the agent that has the listing has a 949 area code (just a quick example).

Regarding going from W2 to 1099, it will eliminate your ability to get loans for at least 1 year as you will need to show the 1099 income on a tax return and it will be averaged for 12 months.

I figured that REI is the best place to grow the money with tax benefits (mortgage interest, property taxes, depreciation).

I doubt we have much ability to push them to change the contract with our single building, but we also don't want to sign something that opens us up to legal action.Here's a snippet from one of the contracts:

I'm also gathering that there aren't really any tax benefits with me using the LLC vs. personal financial reporting either.Is my only benefit to the LLC the ability to make polo shirts with cool logos?? 

You can also look at the unemployment rate and trends (as well as job growth for the town) to give you an indicator of demand moving forward.