You have a unique plan which I wrote down and plan to do.

I understand the difference between passive investor, active investor, and real estate professional in the eyes of the IRS, but does investing using an LLC give unique tax advantages too?

$3,200 Costs Gross Income CAP RATE 10.73% 9% YES Mortgage, taxes, insurance and utilities $2,040.44 $38,400.00 CACROI 7.97% 10% NO maintenance and capex $ 640.00 20.0% break even point in months 75 60 NO vacancy $ 320.00 10% NOI $ 199.56 $500 NO down payment $ 12,525.00 5% Tax liability $ (6,714.40) $ - YES Fees $ 2,505.00 1.0% Annual Net Income $ 4,073.29 Cost of Capital Improvements $ 15,000.00 Monthly Profit $ 199.56 1793 TAX Money REVERSE VALUE 21516 Net Income $ 32,627.19 $362,524.30 172128 Depreciation Expense $ 9,109.09 Projected Taxable Income $ (6,714.40) Item Cost Tax rate 1.81% Roof $ 15,000.00 Estimate Mortgage Interest rate 3.25% Payment $1,035.68 Period in years 30 PMI $ 106.69 Taxes $ 377.84 Insurance $ 103.23 Total $2,040.44 Utilities $417 DEAL 2Deal 2 is a commercial property that in a well loved local neighborhood where renovations and flips are very hot.it requires some work to turn it into a duplex but its location is great and architecture very unique.

You may still want to use a buyers agent for your first purchase since you’re still learning but you can make that division thenI always suggest investors start by househacking a 3-4 family if it’s possible.

Each deal is unique.

"Too low" is a price that cannot be justified with the facts of the property (including comps, condition, market supply/demand, sellers unique needs, etc), and IMO, should be completely irrelevant to the asking price.If I list my $300k house for $1m tomorrow, because no one can stop me from doing so, would you ever consider offering anything close to that?

While many say Rich Dad, Poor Dad (for very good reason), there are some unique answers that can help you out tremendously. 

The area just south of Highway 80 and west of Division St has a lot of upside potential with new Amazon distribution center going in there in the area, It's set to open in 2022 and they will be hiring 1000 new employees.

Combine that with some great fishing, boating, beaching and just about every store you can think of close by and you have a very unique town.One setback is the city is discussing Single family housing as rentals and their policy given the housing shortage we are in.lots of full time residents have been complaining of the parties and turnover vacation rentals bring into our nice quiet neighborhoods.

It allows you to skip trace LLCs, corporation, trusts and individuals while giving you unique pieces of data like if the person has moved recently.