You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

I'm currently helping my aging parents, and I need to be spending more time taking care of them.

If you need help with funding or additional guidance at any stage, feel free to reach out.Best,Drago

So even if the cash flow is only 3% or 4% cash on cash, that’s enough to provide a protective layer to cover unexpected items.To me, the cash flow is NOT to put spendable cash in my pocket NOW but rather keep the property self supporting while it increases in value over the long term.In addition, every property a purchase has a cash reserve fund - call it my rainy day fund or my Sominex account (ie I can sleep at night knowing if the furnace goes out I have $8,000 in my reserve fund to replace it.)One final note, I have found once one reaches a certain net worth, cash flow no longer is a concern, there is always as much cash flow as anyone wants.Final note, who will have more cash flow someone with $1M investible cash or $3M investible cash?

You may even be able to fill additional rooms if the potential resident knows others who are traveling to your area.3.

I can't remember exactly, but I believe the main ones had to do with additional parking restrictions and water.

I just don’t want to spend more money chasing something that will never happen.

I will split a giant master room into two smaller rooms and will convert the living room to get the additional three rooms.

And how much can I expect to spend on this process?

I just want to make sure we are dividing out the cash flow we can spend versus the cash flow we should save.