After the Fed announcing today that they have raised the interest rate by a quarter point today and saying they will keep raising rates with the next proposed hike coming in December and three more next year borrowing money will continue to get more expensive.With an already tight market in almost all areas this will make deals harder to come by.

Most of them are looking like they need work on the outside and have high grass.

However, the fed regulations say something like the loan can only be for a flip, not an owner-occupied.

The Fed increased interest rates (for the third time this year) yesterday, and indicated they intend to raise them again in December. 

They filed charges against me for not cutting my grass and took me to court.

It's clear that the Feds relentless drive towards higher interest rates are not having any effect on demand on Massachusetts market.

Purchase price $170K25% down: 42,500127,500 Financed over 30yrs @ 5.250 (Of course, yesterday the feds rose the interest rates.)Out Of pocket: $51,000 (Includes closing costs($10,000) and down payment.)Expenses: (Month)Mortgage: $704 @5.25%Taxes: $416Sewer:$150Insurance: $83.50Oil Heat: $50Misc: $100Total: $1,503.50Income:Unit 1 : $1000Unit 2 : $875Unit 3 : $800Total : $2,675Yearly:Income $32,100Expense: $18,042Total made after expenses: for the year $14,058Now for the amount i'm putting down would you consider this a good or bad deal?

As we were discussing, she told me about her client who was fed up being a landlord and wanted to just offload her property.

Fed rate will probably be hiked up by another 1.25% by then assuming current market conditions continue. 

No need to set up an LLC.If your goal is to protect your SSN, you can get an EID (Fed Tax ID) from the IRS by applying for one as either a sole proprietorship or an LLC.If you're not paying expenses, I don't see the need to set-up a separate business banking account unless you really want to.