He put it the market and the real estate agent advised him to add a closet to what had actually been a bonus addition to the two bedroom one bath house. 12 years old at the time my father asked me to give it a try.

is there a particular formula that takes all manner of factors, (employment growth, corporation development news, barrier to entry, rental rates, wage growth, etc) into account and spits out an "invest in city X" answer?

Basically I get one month of additional rent for my troubles, and the rent is paid in full throughout (either by them or the new tenant)Am I letting them off too easy?

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

Here is some additional information to ensure success:First, tenant screening is critical, focus on creditworthiness, rental history, and stable income.

Continue wholesaling to generate additional cash flow and partner with investors who lack deal-finding expertise.

What others have said but additionally, pretty sure meals are only deductible at 50%.

In addition to what Michael said, I think Decatur would be an area to look into to invest in now

The irony is most investors who form LLC's do not operate them correctly, fail to obtain appropriate types or amounts of insurance coverage, fail to understand their coverage exclusions, take short cuts and don't obtain permits, use unlicensed and uninsured vendors,  fail to execute contracts with same vendors, don't understand the mechanism of additional insured status, indemnification etc. and are actually more prone to claims and conflict with their LLC than the individual who does not own real estate in an LLC but understands these tools I mentioned.

and "How can I employ a strategy to make this property work?"