If you are prepared for the costs involved and the modifications needed to the property to make the basement unit conform, the pay off of creating an extra rent producing unit is huge. 

I could say a particular town or area, but if there aren't any, many properties for sale that doesn't help. 

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

Which area did you buy your first property in? 

You can get a "renovation heloc" which will give you a heloc based on the ARV of your property.

Originally posted by @Duane Alexander:Can resimpli replace propstream to look up property information like remaining mortgage, tax information, liens, mls history, mortgage transaction history, etc?

Could it be considered piercing the corporate veil if the mortgage for the property is in your personal name but the deed is in the name of the LLC? 

Looking to get into Single Family, Multi-Family, Rental Properties and want to complete a Flip this Summer.

Quote from @Chris Brewer: They’re actually asking more for the property that’s just the number I think I can buy it for.