Myself and a friend are looking to get into investing in buying hold single-family homes.

And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.

Didn't appreciate it would have to be that many doors multi-family vs higher value single family.

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

on their workshop I've asked if LLC owned by 2 non-residents which is partnership and owns michigan Single-memeber LLC would need to fill our 5472.

There are risks relying on a single OTA; too risky for my liking.   

That's super helpful, and always something to keep in mind and watch out for. 

Do most people get the property under contract in a single-member LLC and then assign the contract to the syndication LLC during the DD period? 

I have an outdoor pool that easily have 1k+ people using it every season and I never had single complaint due to the water quality.

Personally, I bought a 3 bed single family home soon after starting my job and had two friends from college rent which covered my mortgage plus a little extra.