You qualify for 100% financing and the closing costs can be covered by getting "Seller credits" which is fairly common in this market.

Per statute, the name: "must contain the words "limited liability company" or the abbreviation "L.L.C." or "LLC", or the combination "ltd. liability co

A C-10 Electrical contractor can explain how to split the units, you may have to sub meter yourself.splitting a single unit in 2 is generally more complicated than building a common wall. 

It is a common mistake.

Some buyers (think Cary NC in the 1990s) are looking for attributes not related to economic value, like: common areas, access to public transportation, proximity to parks, etc.

when you read the common themes of the presentations its simply the age old MLM presentations.. 

There are certain categories of lawsuits where contingency is more common but that is probably more the exception than the rule.

@Eric George very common question here on BP!

I notice this as a common mistake I see a lot of new investors/flippers make.

A common rule of thumb is to budget around 1-2% of the property's value annually for maintenance.Management Fees: If you plan to hire a property manager or use a property management service, factor in their fees as part of your operating costs.Contingency Fund: Always include a contingency fund in your budget to account for unexpected expenses or fluctuations in operating costs.Financial Modeling Tools: Consider using financial modeling tools or spreadsheets designed for real estate investment analysis.