@Laurieann Frazier-Duarte feedback:1) How many competing rental properties have you toured to evaluate how your home compares?

@Andrew Frishman - here is some food for thought to get you started: https://www.biggerpockets.com/member-blogs/11782/84402-how-to-evaluate-a-sponsor Feel free to DM me with any specific questions, I have invested in multiple deals as a LP and as a GP.

Out of 2,500+ investors we have as clients, only a small handful invest as an LLC.I could see the point to an entity if a group of family members or friends were pooling their money to invest in a syndication or several syndications, but outside of that scenario I don’t see the point to it.But don’t listen to us, get competent legal and accounting advice from those licensed to give you proper advice after evaluating your legal and financial situation and risk tolerance.

Thanks, Nick.I just signed up for BP Pro and am getting my feet wet with the information.I appreciate the offer to help evaluate any loan products when I get to that point.

Can you evaluate repair costs? 

If you sell or transfer the property - that basis is re-evaluated at the time of the new sale  and would likely increase - making your taxes higher.  

The first step is to evaluate the marketing, the second step is to evaluate the condition of the home, the third step is to evaluate the price.

But, a non-favorable catch is the requirement that Hometap becomes your financial power of attorney over the asset, in the event of default or a breach of contract where they can transfer the deed of your home, and or sell your property without your approval(cost, fees, time)Below is a situation I'm trying to evaluate.

What Bill said and:First thing to do is to evaluate the appraised value.

I am a GC evaluating building 3 unit row homes on city owned lots.