4) Bathroom time limits?

I have heard that it's a good idea to form an LLC as an added layer of liability protection.

I've heard mixed opinions about wholesalers getting their broker license some say it's beneficial while others claim it's unnecessary or even limiting.. what's your take on it?

If not, these are liabilities and wouldn't advise adding debt.

I have found that the profit margins are very low in this model if the house is in a C/D neighborhood because you are limited to the amount of rent you can charge for each room.

I preferred couples rather than families due to liability and damage.

Hey @Divine Nasikpo,If you have limited cash or assets, there are still ways to start earning in real estate:Wholesaling: While there are mixed opinions, wholesaling can be done with minimal money.

It's on a very small lot, with very limited parking for any kind of venue.

The Exchange Accommodation Titleholder ("EAT"), often a sister company to the qualified intermediary, will form a single-member limited liability company and disregarded entity or ("SMLLC") to serve as the lessee.

As for the property structure, using an LLC offers liability protection, while a land trust provides privacy.