I am doing the same right now, have 5 consultation appointments set up as of now. 

I.e. a security attorney drafting full set of Subscription docs will on average be $7500+.  

My goal is to rent it out to start generating some cash flow.I’m planning to remodel the kitchen soon, and once that’s done, I’d like to move out to make the apartment available for renters.

We initially spent about 20 hours getting my accounts set up and organized in Quickbooks.

Our goal would be to buy something in the next 2-3 years. 

So, setting aside the cash flow he enjoyed for the last 40 years, he has a profit of $305,000.  

@Jeff Ryan To be honest, it would depend on your goals.

Typically, we set up entities in the state in which the property resides.

So the places we all encounter that don't even have a wheelchair ramp at the entrance (at the appropriate incline, etc), even though it would be relatively easy to put in, aren't compliant (envision a storefront set back 10 feet from the sidewalk).

I am sure some will do it with phone and e mail etc.. but I suspect they miss the best deals.Just like top wholesalers they have buying agents when a lead comes in that buying agent is over to the house and meeting with the folks ASAP so they can lock it up.. if they are non owner occ then yes this is different but now your talking about investors as sellers different mind set .