Yes, it's crucial to get the right structure in place—setting up an LLC in the state where you're operating can offer liability protection.

Try to arrange for an “open house” day for buyers to walk through with contractors and eliminate inspection problems/delays. 

I just talked to two banks and they both said that they don't offer them for investment properties.

A “30 minute phone consultation” is heavily advertised with their package offerings, but it was a struggle to get them to agree to a phone call once we were engaged.

Variable income is SUPER hard since covid and no real way around that beyond showing an offer letter that states you get a minimum guaranteed hours, and you may need a payroll log to prove you never went below that number. 

Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).

LLC offers better legal protection.3) Setting up in states that allow your identity to be hid is also overblown.

I still think I’ll walk away with some money in my pocket and some lessons learned about walk through and rushing to purchase. 

I dont believe in ever losing money and lean towards the cash flow model, but recently I walked into a property with maybe $100.

According to Realtor.com, EMD is typically between 1% and 2% of the total home price and is money you pay as a show of good faith when you make an offer on a house.But, it’s not an added expense.