I think it is about time I figure out what type of entity to form.I have heard advice that each property goes into an LLC, but that seems like an administrative nightmare.

I am getting my RE license so I can have unrestricted access to properties and not have to use a realtor to show me properties.If a realtor feeds me a property that I end up buying I have no problem signing a property specific agreement that is required for inclusion in the offer they submit on my behalf.In my short time trying to enter the RE business I have met several realtors who what you to commit to them and then just want to feed you automated listings without ever providing any property/area analysis, comps or anything else.They want me to screen the automated emails for them and they just submit the offer....that is not what I need a realtor for, if a realtor has no time or willingness to earn my business by actually demonstrating what value they can bring to the table by screening properties with actual details/analysis & numbers and forwarding those to me so I can determine if they really do understand my needs or if they just want to be an administrative paper processor submitting the offer and contract paperwork after I do all the research...not interested.  

American Homes for Rent (NYSE: AMH) numbers for quarterly period ended June 30, 2015.. for 37,491 single-family properties in 22 states:Rents from single-family properties $137,818,000Fees from single-family properties $2,204,000 Property operating expenses:Leased single-family properties $67,823,000Vacant single-family properties and other $4,456,000 72,288 / 140,022 = 51.63%If you take into account "tenant chargebacks" revenue and "General and administrative" expense, you reach the same conclusion (51.69%).

If you are looking for data, I would start on the county tax administration/property search website.  

Right now, I am working in Business Administration in town and have become increasingly interested in real estate investing over the past year. 

Even if these loans are secured, that too presents a large administrative burden to properly service those accounts.  

If you can generate $1,000/hour selling and you can pay someone $12.00 an hour to help with administrative tasks do so.3.

One of the recent videos from the new #askbp podcast is about this topic. http://www.biggerpockets.com/renewsblog/2015/04/21...My thoughts:The good = access to listings, knowledge about contracts, save money on transactions, able to make additional income by finding properties for other investorsThe bad = time, cost, administration (you save money on transactions b/c you have to do all the paperwork)Some people want to focus on what they do best and outsource the rest.

My advertised rental that he wants is $475.00 per month and so it would appear that he should easily be able to afford my rental, except the only proof of disability income which he was able to provide me from the Social Security Administration, dated: Nov 28, 2014 indicates only $946.00 to be paid on the 3rd day of each month.

., executor or administrator) just list the property with someone who knows the area well AND can demonstrate a proven track record selling probate property.The fact that it's a probate sale should not have a negative impact on sale price.