And to get there means sizable equity, as I keep banging on that drum cash-flow is a result.

I’ve read lots of theory of what could work, but haven’t seen much proof of concept of these theories.

The old theory was that you have your properties in one state, and then the LLC's in the other state (I.E.

For us, it was always about buying notes on abandoned, severely delinquent property in deed theory states.

I got started by diving into deals hands-on while learning the theory—reading books and listening to podcasts only goes so far until you analyze and make offers.

This means that you may need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should in theory be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

You would probably get more bang for your $10K with a hot tub and a used pool table.

No fluff, no endless theory—just real guidance and real results.They know the game because they’re actively in it, and they make sure their members get the support and accountability to win.

You’d get more bang for your buck, and your first deal has a higher likelihood of producing a meaningful return without over-leveraging.If staying local is important, you could explore:Trenton or Newark - as you mentioned, these might be slightly more accessible, but competition is stiff.Creative structures like small multi-units or partnering with a local investor, though that does complicate things.Otherwise, the safer path is to identify an out-of-state market with strong rental demand, low purchase price, and good turnkey options.

I'm not getting across Scott's theory very well, but the book explains it very well in detail.