The percentages should mirror most other builders as it covers 4 fiscal periods:Without including any financing expense, they are at 82% (total materials and non materials cost), which obviously makes your financing rate and project duration, vital issues to get a good hold  and control of.

Crazy stories; househack 1: peeling layers back and ended up gutting place.

Think of obtaining competent legal advice as making another layer of investment to your investment...BEFORE you send away that $50K-$100K.

There are more layers to operating the business and lenders want to see some experience. 

It is just another layer of bureaucratic tape.

The advantage of having the LLC, is it offers you another layer of protection should anything go wrong.

What is needed is staged protection combining multiple layers, and its not very expensive.

One thing to keep in mind is your thickness (millimeters) and wear thickness (mils)-Millimeters are used to measure the thickness of vinyl flooring planks, while mils are used to measure the thickness of the wear layer on the surface of the plank.

An LLC can provide a layer of protection by separating your personal assets from your rental business.

From a liability standpoint it's a pretty clear case of an alter ego entity structure which any good attorney will be able to fight through and will add a redundant layer of insurance you have to pay for.