It can also help you learn to be a landlord while being able to quickly respond to tenant issues because you live on site.I lean towards personal conventional loans if possible because you can more highly leverage and in theory get a better ROI.

Save money for a down payment and find a solid cash flowing property that will cover expenses in lean times and pad your wallet in good times.  

Hi Betsy,Williamsburg is fairly diverse with the majority of properties leaning toward the higher end as compared to Newport News and Hampton. 

I'd like to lean on the neighboring properties to help out with the electric bills, but that's not likely to go anywhere.

Those all seem to be pro's in favor of having an official lease and reporting the income, so I am leaning towards that.

Since I’m leaning to setup one LLC for all flip houses and manage agreements per a flip.Looking forward to your replies.

Days after I had called the cops on my neighbor for yet again parking in my driveway, he texted me claiming my tree was leaning toward his property, asking me to take it down.

Total cost for entire duplex (both sides):Normal regular install with carpet in the Bedroom: $11,768.38Everything with Planking except stairs: $17,185.78 or $5,417.40 extraEverything including stairs: $19,039.02 or $7,270.64 extraThe carpet installation for both sides is $2,632.48 for the Normal install.For a long term buy and hold I am still leaning towards the planking of everything.

@Tyler Bodi 40216 is a big area and depending on where you are at in the 40216 this may be a fair deal or a not so good deal.

Total cost for entire duplex (both sides):Normal regular install with carpet in the Bedroom: $11,768.38Everything with Planking except stairs: $17,185.78 or $5,417.40 extraEverything including stairs: $19,039.02 or $7,270.64 extraThe carpet installation for both sides is $2,632.48 for the Normal install.For a long term buy and hold I am still leaning towards the planking of everything.