A legally suited detached with garage is around the $375k - 450k point (in decent shape). 3 bedroom, 1.5 bath main floor around 1100 sqft can rent for $2000-$2200 a month (utilities included). 3 bedroom, 1 bath basement can rent for around $1600-$1800.

@Kamryn DeVaultTo invest in a duplex, consider factors like neighborhood quality, economic stability, safety, property condition, cash flow potential, financing options, tenant screening, lease agreements, future potential, legal and zoning considerations, maintenance and management, networking, and starting small and scaling.

The primary reason why people form a company is to limit their legal liability from lawsuits.

In CHS, the county assessor has a two page form that you complete and file with the assessor's office, similar to applying for the legal residence exemption. 

I have not seen it but recommend that you seek legal advice. 

That being said, I don't believe wholesaling is legal in every state so understanding laws surrounding that before you jump in will be important.There are definitely a lot of bad wholesalers out there!

I would visit https://syndicationattorneys.com/ for all the info you'll need on legal.

Common expenses include:- Attorney Fees: Legal assistance for reviewing contracts and ensuring compliance can vary based on the complexity of your deal.- Title Insurance: Protects against potential disputes over property ownership.- Appraisal Fees: Necessary to determine the property’s market value.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.

Not only must you know real estate laws and business, but you also need knowledge of the legal intricacies of foreclosures, divorces, probates, etc.

However, I want to ensure I'm properly structuring deals, receiving legal and fair compensation.