Precisely today, I heard a guest in the BP podcast (Episode #956) talking about a really bad experience with a "Subject to" deal.Thanks @JD Martin Generally, yes.

I'd have a Home Inpsector and/or General Contractor go over the place and make a list (Scope Of Work) with a tight budget.

I don't go above 70% generally and prefer mid or low 60s. 

Litigation is always a business risk, especially in a business facing the general public.

In general, i think Stuart is correct.  

I would say generally, buying already built is cheaper on the mind, stress and time.

We even had a seat at the table with former HUD Secretary Carson who issued a statement about the importance of co-living, please feel free to ask your AE for that declaration.

In terms of Costs associated with an LLC-Roughly like $100 to file with the secretary of state in Ohio if you wanted to do it yourself-Cost for your accountant to prep a tax return at the end of the year for that LLC (depends on your accountant)-Cost of a higher interest rate with a DSCR loan -Maybe more advanced, but if you have more rentals the cost of additional bookkeeping software like having to pay for additional quick books accounts.

I am a project manager currently working for a commercial General Contracting company and have a small contracting gig on the side I am working on ramping up, focusing on residential and commercial remodels & all demolition projects. 

Not talking about this comp0any but in generalities.