Deciding whether to buy properties under your personal name or an LLC is an important consideration, especially when you're planning to use hard money and then refinance.Buying Under Your Personal Name: Easier Financing: Most banks prefer to lend to individuals rather than LLCs, especially for first-time investors.

But I find it easier to leave all that work to the buyer, letting them know that this is why the price is low, because there is work to be done.

If you have the go-ahead from the county, I would get at least 3 bids from contractors to see if installing a shower is possible, making entrances easier, and generally improving the basement to be more complete overall.

Additionally, connecting with local real estate agents, property managers, and contractors in your target areas can provide further support/insights.What markets are you looking into? 

TLDR; Finding landlords who are interested in arbitrage is a by-product of targeting the right landlords, creating a valuable offering, then putting in the work. - - - - - I have a portfolio of 10 arbitrage units in Phoenix and work with three landlords. 

I would double check with the city, remember, trust but verify.Here's a link https://www.phila.gov/services/permits-violations-licenses/a....I'm doubtful that this scope of work doesn't require a permit.I do my jobs with permits because I'm risk adverse.Its easier to ask for permission than beg for forgiveness.Best of luck 

A good financial advisor that understands your situation and a good estimate of future cash flows would help greatly.Calculating cash flows is actually the easier part of this endeavor. 

I have spares of each set of bedding in the cleaner's closet to make the turnover easier on my cleaner.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

People see those areas as stable and family-friendly, which can push up the value.Wider Buyer Pool: If you're targeting families, schools are huge.