Established flippers have the resources and networks to build close relationships with contractors, making it relatively easy to coordinate compliance at minimal cost.

Lower risk and much greater opportunity to scale while keeping within a relatively small geographic area.

I'd like to be your contact for anything REI related in Memphis, TN. 

Since you’re renting out partially, a common method is to use the square footage of the rented areas relative to the total property space.

If this does not happen you will still have two properties getting paid off and providing tax benefits and cash flow and hopefully appreciation.

@Steven MendiolaSo Colorado just passed a law this year taking the local limits cities were placing on people related to the number of unrelated people living together so no need to worry about that issue.

If you are interested, you can request to meet with them and/or submit an LOI detailing your offer on price, financing options, terms, and other items related to the purchase.If accepted, request Tax Returns for this business, and have an Accountant(reach out to me if you are looking for help with the Analytics of a business purchase) compare their financials to the Tax Return.

I benefitted from rent inflation, but I also did some things that would help improve net cash flow (appealing property taxes, for example).Happy to send you some resources with more details on how I accomplished it.

There are items required by law and in general those are related to the safety and basic comfort of living. 

Regarding single member vs. multi-member LLC's, you need "Charging Order Protection" (COP) to receive the best asset protection benefits.