You have to have exit values of single family homes high enough where build cost can work.

We bought a single family up here last year and converted a garage to an ADU, which rented out really quickly to a great young couple.

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

2) I have on single family home (rents for $2100/month) that needs a PM. 

They love to talk about his great forms and how the members "feel like a family," but you rarely find anyone that's done a single deal on their own.

So, generally speaking husband/wife-owned LLC in a non-Community property state, must file a partnership return (ie, the LLC is not considered a single member LLC disregarded entity).

Once you take over a property as an owner occupant, if it is a single family or condo you can live in it for 1 year and that automatically exempts your unit from rent control.

Been doing some comps in Houston. I'm am running into a lot of properties that the MLS says it sold for less than $5,000 dollars. How could this be possible? Does it mean something I am not understanding? Would this b...

We are looking for low maintenance (so primarily new construction or >2000 and well maintained/rennovated) single family homes.

Together I have $50k in deposits for North Port, so a lot on the line for me.Needless to say, after 3 years and counting to have a single house built in Cape Coral, I don't know how I can confidently move forward with the North Port builds.