How can I get started and do so properly?  

They even chose a respectable company not a fly by night company.

You just missed our meetup last night in Whippany.

We're in the process of setting up our LLC and drafted a partnership agreement ourselves to outline our roles, responsibilities, and profit splits.I recently spoke with a real estate attorney who said our "partnership agreement" is actually an operating agreement and that a proper, sound agreement would be 70+ pages.

Hard to gauge year-round vacancy, but September/October looked to be 5-15 days booked at nearby places, going anywhere from $125-250 a night. 

@Ben Rosenblum  Its great the airbnb worked out for you and eliminating the 1 night stays is probably the key factor in decreasing hassle. 

., not being able to negotiate the buy properly, manage contractors, or even sell at the right price point, etc.).Highly considering retiring from my 9-5 down the line, I just need 5 solid deals per year to make the move, like your book says!

Hi everyone,Quick question for fellow Oklahoma landlords:I’m trying to set up a proper escrow account for tenant deposits (per 41 O.S. §115).

The right entity structure, proper recordkeeping, and proactive planning can mean the difference between paying 37% in taxes or building long-term wealth that compounds faster.Learn how depreciation, cost segregation, and passive loss rules really work, and how to structure your deals to legally keep more of what you earn.The earlier you start thinking like an investor and a strategist, the more freedom you’ll have down the road.If you could give your younger self one piece of advice when starting out in real estate, what would it be?

Quote from @Dan Zambrano: Hey all,After thinking it over I decided to create a new thread.I am a small time passive real estate investor who has ambitions to expand greatly, first to $20M and perhaps maybe more. i guess I will give a little bit of background on my journey up to now.I am 38 y/o, Electrical Engineer by day, Architectural enthusiast by night.