Quote from @Bear Geiger: At Little Bear CreekProperties, we specialize in developing large tracts of land into individuallots for home builders in the Raleigh, NC area.

Anything that involves a load bearing wall will generally need an architect IME, but it can also be required (maybe indirectly) through the jurisdiction's building code/enforcement.Got it, thank you for lending your expertise!

HUD does a non interest bearing 2nd that you might want to consider doing.

If it is an interest-bearing account, you will be giving the tenant 75% of the interest accumulated. 

Welcome @Reno Philip,Great idea to start slower and get your bearings before jumping all in.

So, in reality every month your moving close and closer to sucking out months/years of profits via items aging out, cap-x coming to bear. 

In addition, they are bearing the risk of you backing out of the deal and them being stuck with vacant units not bringing in rent. 4.

You will get plenty of offers but bear in mind you'll need a lot more cash to pay off the mortgage and walk away with dollars at closing.

My wife and I purchased our second home and what we believed to be are dream home at the end of 2023.

(FWIW, whether or not you have an LLC really has no bearing on the number of accounts you should need.)