These costs can vary significantly by state, so it’s important to compare the financial impact of forming the LLC in either state.3.

However, it may be a better strategy to base your decision on cash flow rather than speculative gains.Purchase Price: $480KAnnual Rent: $2,400 * 12 = $28,800Expenses (@30%): $8,640Net Operating Income (NOI): $20,160Cap Rate: 4.2%Another point to consider: if you're already facing negative cash flow, how will your returns be impacted when it comes time to turn the property or if a costly repair is needed?

There are more coming online but I don't feel they are significant enough portion of our market to impact the single family side of things. 

That's a great point - how to determine if they impacted the studs, and could still be active.

I would recommend taking a  look at some of my previous posts which emphasize the action items you as a rental property owner should be implementing that have a far greater impact on asset protection than merely forming an LLC.

2 - What do these two rules tell you, if anything, about how they impact your specific REI situation? 

If rates rise, it could impact your monthly expenses.Construction Timeline and Costs: Construction projects can sometimes run over budget or take longer than expected.

Massively increase rents and sell at enormous profit.

During my research, I’ve come across some local regulations that could potentially impact my plans.

For those who’ve used private money for multiple flips, how has it impacted your ability to scale?