Definitely should check out J Scott's book on estimating rehab costs: https://store.biggerpockets.com/products/the-book-on-estimat...I wrote a long article a while back on due diligence that would also be worth reading (well, at least I think it is): https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...

Hi Adolphus –You can definitely go through an LLC, but it's almost unavoidable that you'll need to personally guarantee the mortgage.

Definitely weigh the pros and cons, and as always, consulting with a real estate attorney or financial advisor may help you navigate this transition smoothly.Hope this helps and best of luck with your continued growth!

Definitely be sure to properly vet your PM - asking the right questions - experience?

It is definitely not how the laws work in places I'm familiar with.

I will definitely keep this in mind. 

You're definitely on the right track to explore BRRRR, flips, and MF - Good luck to you :) 

There's definitely a push towards jumping into larger deals without adequate credentials based on the "team" approach concept where one can assemble a team of capital raisers, deal hunters & guarantors who all become CO-GP's. 

It is definitely cheaper to do it while you are already working on kitchen and plumbing.

.- Most of the deals that came our way were for 60-70yr old wood frame buildings, that had been owned by their current owner for 25+ yrs, and we felt there was a definite risk that the economic viability of the asset was less than our planned (buy and hold) time horizon, and we were also highly skeptical of the insurability of some of these buildings or that the cost of insurance would not balloon once the ownership transition forced the insurers to reassess the building.Ultimately we pivoted to retail/light commercial mixed use properties.