@Vidit Maini Starting your business as an LLC taxed as a C corporation offers flexibility but involves double taxation unless you elect S corp status, allowing profits to pass through to your personal return.For tax savings, deduct startup costs, track business mileage or vehicle expenses, and consider a home office deduction.

For some others in the Bigger Pockets community, is there anything else to consider, what do you think, 'do it'? 

As a customer I would 100% want to see the outside.

and maybe change the water once or twice per year).I always consider 40% of what sales person say, matches the actual performance.

Red flags for me include people who are overly optimistic without considering risks or those who don’t seem to have a clear plan for their contributions to the partnership.

For example for a rental with $2700/month rent with folling scenarios, how much mimum income would be considered adequate?

When people take advice on here, they need to consider all things involved and not run with one perspective.

That for them to consider it, they would want to order three appraisals, and then the loans would all have to be cross collateralized over the three properties, and it seemed over the top and costly way to borrow $75K.

There are some opportunities locally i am considering.

I'm considering it but I'm always skeptical.