You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

The idea is to use this property as an office space, giving me the separation I need from home while providing a place for my assistant to work where I can be more hands-on with them.The business would pay rent for the property, which would cover its expenses.

I know it is expected that you will need to spend some money after someone moves out but I just didn't expect I was going to need to spend appx. $10k to get it rental-ready. 

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market. 

It's a good idea to spend a couple of hundred dollars to meet with a real estate attorney or foreclosure attorney and go over what you can and what you can't do in the state you want to buy foreclosures in.For clarity, there are stages to foreclosure.

Spend the first few deals just listening and asking questions.

The successful wholesalers spend $10k + monthly on marketing3.

I actually think it is a benefit to both parties to have professional representation to assist the seller and buyer with these types of transactions.

Homes are affordable and we're seeing homebuyers enter the market with a lot of assistance available from the city.I’ve been investing in Detroit since 2019 while living in California and own 12 doors.

Outsource tasks like admin work or cold calling to virtual assistants (VAs) to free up your time for more important tasks.3.