I’m looking to start investing in rentals in Cleveland area.

[Kyle Plants]

Looking to start networking and build up a local l team that I can help out with rental properties. So far I have an agent, contractor and I’m working on securing a connection with some private funding to get started. So at this point evenyone says I need an attorney specializing in real estate an accountant and maybe a property manager eventually. Any suggestions are welcome.

[James Wise]

Originally posted by @Kyle Plants:

Looking to start networking and build up a local l team that I can help out with rental properties. So far I have an agent, contractor and I’m working on securing a connection with some private funding to get started. So at this point evenyone says I need an attorney specializing in real estate an accountant and maybe a property manager eventually. Any suggestions are welcome.

Welcome to the site Kyle.

You are putting the cart before the horse. You have no need to hire an accountant or a lawyer at this time . You don't have any semblance of a business yet. It's actually a total waste of time for you to run around in circles "building a team" right now. The 1st thing you need is funding. After that hook up with a Realtor who works for a brokerage that handles Property Management to target properties. Buy a couple and see where it goes. 

Also very important to note that If these properties are residential (1-4 units) no need to worry about getting an LLC because you need to be buying them in your own personal name so that you can utilize bank financing. There is NOTHING that beats a 30 year low fixed rate tax deductible bank loan...NOTHING. All of the potential cons of not having an LLC are outweighed by the benefits of using these loans to build your portfolio.

P.S.

For more info on Cleveland check out The Ultimate Guide to Grading Cleveland Neighborhoods.