This is the metric typically used on row homes or twins, detached structures usually add landscape or more siding and a higher likelihood of pitched & shingled roof.

It's near impossible to cash flow when most homes are selling for above $750K, Taxes and Insurance added in the PITI payment is higher than the rents.You can buy a Duplex 2 unit for example in either FL, IN, or OH and not pay more than $200K the rents are typically $1200-$1500 a door.

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

Typically, we conduct background checks on only the individuals who are responsible for the lease (primary resident) and/or cosigners.

This is typically for most people not a DIY project. 

That's a typical scenario and could cost you $10,000 - $15,000 so that would be a good starting point for your reserve.But there's more!

I've done a few so I'm typically offered 90% LTC.

Pace is a typical guru.

There are a lot of websites that offer the course online, or if you have a college near you, they also typically offer a class that satisfies the pre-licensing requirement.

I typically advise investors to wait until after closing before quitclaiming a property into their LLC.