Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Ultimately if it does not, it might make sense to switch earlier than later. 

In these areas, you will generally not cash flow that well for the first few years, but years later (like me now), I can retire off the profit that I make from these same properties.Ultimately, this is how I chose to play the game and it is not the perfect game for everyone.  

And if I do create a sole proprietorship and create a business bank account under this company would it cause any issues later on for tax purposes?

Fast forward to maybe 2 to 3 months later and a mutual 3rd party friend who knew both me or my brother and the guy who got the place contacted one of us, not saying why this was but that we could have it for what he paid PLUS 5 grand, which quickly turned into just what he paid and I got the feeling this price was dropping like a rock!

The rate might not be ideal, but securing the property now is crucial—you can always refinance later for better terms.

It might not be a big deal to sell later if you want to do that and it could eliminate some of the stress of the timeline. 

Competition..However, most investors are not aware of off-market properties..But not any off-market, the undervalued ones.These Deals are gold..Most investors don’t know how to really get them .Some do direct mail , cold calling , chasing people down and begging for deals.And except to get those deals.The Thing is those deals are not on the radar for a reason.And to get those deals, there is a very simple set of requirements that need to be met and systems that have to be implemented .Once you know these requirements and systems, it's just a matter of executing them properly and with consistency..And the undervalued off-market deals will come to you.It really is that easy….I’ve getting off-market properties for over 3 years now without even working to get them.Like 2 years ago I got this off-market deal and it was just a piece of land in the desert .For real .And I took it for 20k.No one I know didn’t make fun of me.They call me stupid .But I trust the requirements and the systems.Now 3 years later this land is worth almost $700.000 ($642k).It's all thanks to the fact that I can find undervalued off-market properties..And no, I start with nothing and zero connections..But that doesn't matter, because you don't need to have the connections, to be a sweet talker or have millions in the bank.If you’re sick of finding deals .Then all you need to have are requirements and systems to get you off-market deals.But please just don’t think that cold calling is the way.It’s sad.I will write another post about the systems and requirements to get those deals.just be open-minded that there are systems to get off-market deals.And that’s why some investors make millions and some don’t .They have step-by-step systems that guarantee getting those deals.Thanks for reading,

If she hasn't, then stay away, because the later problems will be yours... not hers.New construction requires lots of know hows from paperwork to coordination with your "teams" to make a profit. 

Would you recommend starting with townhomes and transitioning later into single-family units and apartments?