@Nathan Gesner said it best, IMHO- the need for an LLC is totally exaggerated on BP.

Can I assume reserve price will be the same 180k or do you think FM has a formula in place in which they are ok to let go at X% below their "purchase" price so as to not be left with the house on their hands ?

There is ZERO chance on a solar purchase they will guarantee your total electric bill.

In my area I might even have a handyman do it for about $100 total.

Hi Guys hope your having a wonderful day im looking to Work for someone willing to teach i know alot already but You tube dont mean Squat i need hands on Experience with someone with Wisdom in this industry that can help me get my feet wet in a controlled environment and i think working for people that are already doing big things in real estate will help more than just going on your own Iron sharpens iron.

Would your rental income cover all of that, and if not would you have reserves on hand to handle that?

However, this is a totally new space to me- Any advice for how to go about looking for a lawyer who works with individual investors and won't break the bank?

While the income stream is much slower, the total received is (hopefully) much greater.

I’ve been in a similar boat and totally get how overwhelming it can be.

If this were my deal the sale price on a triplex would likely be around $900k, so if I bought the land for $150k, and my build costs were about $500k, I would expect my interest and carrying costs to be about 10-12% of the total of that, so lets say $75k, for all in expenses of about $725k.