Purchase price: $45,000 Sale price: $64,000 Contributors: Chelsea Zabala Partner Driven, with Crystal Smith and Eugene, undertook an innovative venture at Water St, Joliet, IL.

I have started and will continue to start small business ventures with my daughters, teach lessons on their level, bring them along on DIY projects for properties, etc...we'll see how it goes.

Rachel uses a California address for the LLC’s tax filings and a California accountant to prepare the LLC’s tax returns.

@Kermaury Musgrove Is your family willing to help you with this venture?

Doing a joint venture could be another option.

@Felix PiperIf everyone is truly active, it can be a simple joint venture.

Ask how much the training costs.Since you are here on BP, I always venture to say there are more investor agents at Keller Williams than any other brokerage. 

You make an great point, to keep stashing cash aside to prepare for the unavoidable "unexpected" costs of physical REI.

You should be prepared for it.

A Comprehensive Guide to Homebuying, it's essential to be thorough and methodical to ensure you're making an informed decision but draw boundaries, it's okay to open built-in closets and kitchen cabinets to assess the property, However, respect the seller's privacy by not invading their personal space, such as medicine cabinets, storage boxes, or clothing drawers,Interior:Architectural style.Bedroom and bathroom count, size, and location.Closet and storage space.Number of floors.Sightlines and general floorplan.Appliance age and condition.Light switches and socket count.Plumbing and water pressure.Natural light and views.Noise levels.Stairway width and type.Porches and decks.Garage and parking capacity.Proximity to neighboring homes.Remodeling opportunities.Exterior:Roof and siding condition.Landscaping and outdoor maintenance needs.Additional Considerations:Take notes and photos during the tour.Use your five senses to assess the home's condition.Ask your real estate agent questions about the home's features, flaws, and market conditions.Red Flags:Overly scented rooms.Water stains and damage.Lack of maintenance.Foundation issues.Sagging ceiling.Fresh paint that may be covering up issues.Final Tips:Be prepared to make multiple offers before finding the right home at the right price.Stick to your budget when making an offer.Don't overlook potential red flags just because you love a home.