I am based in Virginia and licensing requirements here seem manageable.

For owner managed properties like this we see expense ratios in the 35%+ range. 

My partner and I have a General Construction company (CSL).

We got out of condo conversions couldn't really sell any of them and transitioned to ground up development of single family homes and three story walkup triplexes on a build to rent model which is much easier for us to manage and our exit isn't a sale it's just a refinance. 

-Interest-only payments, which help manage cash flow during the renovation.

.: HiRepairs were going to be paid for before closing, as the seller having some other time sensitive activities needing to be met, my agent and I decided to grant a seller credit to the buyer for these repairs.

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

There are some types of trusts that bring a lot of protection, but you generally lose control of your assets and they are managed by someone else. 

And I plan on being one of them.

@Mike Beer I have been in Raisemasters for only a few weeks and I can tell you I have already received tremendous value.