But there is a high probability that if you do the "lawyer in a box" thing, or create an LLC online, that it will be worth something on the order of what that used pile of paper is worth.

33K in student loans, about 11k on plastic (wedding/honeymoon/school), plus houseMy experience in real estate is limited to spending time with my grandfather growing up.He had several rental houses and would always be working on them.As I grew up and paid more attention to the business side of his work I realized that he was working just to stay busy and not working to create more income.His end goal was always to create more income but he was always distracted by the job of remodeling and updating.He has been my mentor and main father figure for years but now it is time I “upgrade” to someone capable of guiding me in the direction I want to go.I will always love my grandfather but his business sense is not one I need to follow.My goals in real estate are to create a “four hour work week” (gotta love the Tim Ferriss way of life) by a combination of buy and hold and flips.I hope to use this method to create a stable business and then move into apartment complexes.After lurking on this site I have learned about the different rules needed to ensure profit out of each.In my farm area there are many MLS deals that fall into these numbers.Now it is just about raising funds.I would love to find some Sub2 deals.Famous FourFavorite real estate book Never read one.Bigger Pockets Favorite business book Poke the Box by Seth Godin, 4 Hour Work Week by Tim Ferriss, and No More Mondays by Dan Miller Hobbies include working on cars and spending time with friends and family.These are very important to me and I do not get enough time with my desk job with either.What is thing that sets apart successful investors from those that fail Getting back up on the horse after failing and not letting friends and family tell you that being an investor is a stupid idea.

Go fail and then try to fix something you did wrong and fail again, and again, until you succeed.You'll find after awhile that you probably spent way too much time on this one possibility and you'll need to do things faster and more efficiently.  

I did that when I was first starting and they spent tons of time with me explaining things, going over my operating agreement for my LLC, pointing out red flags etc.  

I own 8 properties with a partner and were looking for guidance:We want to find an easy way to track our spending so when tax time comes around we will know exactly what we spent rehabbing each buy and hold rental property that year.

I worked much, spent little, and invested lots.

The problem is even though we now have good cash flow we have spent around $8,000 renovating units which is great but now we only have around $8,000 in the bank. 

Is it because doing the work yourself delayed the process, or because your time would be better spent elsewhere, like finding the next deal?

I'll bet that the Federal Government has probably spent millions of dollars in research and determined that people will continue to die owning real estate and leaving money messes for their heirs to clean up.

But its not a bad thing if that does happen.No way am I giving someone I've spent five minutes on the phone with unlimited access to my property.