Additionally, it's recommended to obtain a new EIN for the single-member LLC.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Additionally, local MLS data or city-specific real estate reports can provide more granular insights for your target market.For news and broader economic trends that affect real estate, check out HousingWire and MarketWatch.

What would you estimate the additional labor hours to be annually for reading, processing, etc?  

Expanding into Indiana later can diversify your portfolio and offer additional opportunities.

How many costs do I need to subtract from that, in addition to what I paid for the land, to get to my net profit? 

I was hoping to gather recommendations from the community both for a service that allows automated ACH billing without the additional property management software suite and also services that include these additional features that you might recommend we consider.

Potential for an adu via basement or garage for additional renovation costs. 

Now, here is the catch: 1) You have to have to be self-employed, maybe an LLC or S-Corp, or just sole prop, but you have to have earned income in that business.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.