@Richard Benjamin Wilhite unless you setup a C-Corp and pay double taxes, any income will flow through to your personal 1040 via Schedule E.

As an example, if the sfr's were bought 10-15 years ago, it is likely they have at least doubled in value in that time.

I'm 100% certain with the foundation, it's the overhead I want to double/triple check. 

Now most likely they will have to do a double closing, but they can also do a JV with that person until they refinance out.

I enjoy listening to you talk about all the reasons to purchase real estate currently even though prices have more then doubled in many areas.I would like you to have someone on who disagrees with you on this and can articulate some good reasons to not buy right now. 

As others said, double check your numbers. 

In 1803, Thomas Jefferson negotiated a deal with Napoleon Bonaparte that effectively doubled the size of this young nation.One might even say President Jefferson was the original distressed real estate investor.

.- when you have small issues, no matter how small they are address them as quickly as possible-  just because someone at Home Depot tells you to use some thing double check for yourself.- teacher tenants how to shut off water.

Assumptions take almost double the time as normal underwriting, so don't make the seller wait even more than they have to.Great Question! 

You'll probably need portapotties on the site anyway for construction workers.If you aren't opposed to single or double-wides, that would be the next easiest considering foundations, sewer water, and permits are all possible .