Check out other online guides available here: https://www.biggerpockets.com/guides3.

I think with Boise in particular, and the pacific Northwest in general, positive cashflow is difficult to achieve, especially for an out of state investor since the market is so competitive.Even with boots on the ground, cash flowing properties seem to be a unicorn even when purchasing for 70 cents on the dollar.One opportunity for cashflow in Boise is the ADU play -- new regulations make it more conducive and returns can be 10%+ cash on cash for a property in the right neighborhood.- Kole

You are playing with fire with this strategy to start, but then when you count in an inexperienced rehab to rent a year later, I would earmark this for disaster.

As you get closer to investing, network through meetups and online communities to learn from others.

My LLC did not come into play at all.

Also from what I've read online breaking into the insurance side of things sounds like it requires cold calling and building relationships with those reps vs just registering property in database and waiting.

I plan on splitting this land into two 1.5 acre lots as there is enough road frontage, but I'm concerned that someone could show up and want to start drilling in the backyard.I think someone wanting to drill is unlikely for the following reasons:- the original owners are probably dead and the ownership is split between inheritance to multiple people- the lot is too small for them to mess with- there is only a single active well/pump within 30 miles from what I can see online.

It will not cover foundation issues Thankfully, no EMD was used in this during this deal.If its unlike for them to sue, how does situations like this normally play out if Buyer doesnt want to terminate?

I've played around with the idea of giving guests a YouTubeTV login but that seems risky.

Here is a list of many things you need photos of that won't be available online:1.