If you're looking for cash flow you can easily make $300/mo net on a single family property in a better neighborhood/condition.

There are 4 Single Family Homes built on the site. 2 are built-to-sell and 2 are built-to-rent.What made you interested in investing in this type of deal?

The contract was a simple 3 page one and I wrote this in.Also, it is a single family being rented as a rooming house (which is technically not legal here).

Miss a meeting or two and you're even.

I am not preticuarly brand new to real estate as I've done 1 house flip before and 1 brrrr here locally to me.To begin, I’m aiming to tackle two single-family BRRRR projects in the Jackson County, MO area.

The easy answer would be small multifamily or single for a long term rental. 

Since you are married and live in a community property state, the IRS treats your joint ownership as a single owner for tax purposes, meaning you can answer "No" and proceed with disregarded entity classification.If you want to eliminate confusion going forward, you could dissolve the current LLC and set up a new single-member LLC under one spouse’s name, ensuring automatic disregarded entity treatment without needing to file Form 1065 in the future.

You rates go up even if you don't make the claim. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $376,613

Moved to Orange Park, Florida, from Delaware three years ago, choosing this home as the perfect place to settl...

I didn't even know you had replied.