Quote from @Alex Pondville: Thank you very much for your feedback @Mike Neubauer ! 

Talk to multiple local investors who are unbiased  (someone not trying to sell you something), get multiple agents and contractors  feedback, and property management companies - two knowledgeble  PMs really opened my eyes to my Class C homes.

Counted this as a 45k asset but in truth it could be slightly higher or lower, there is a lack of inventory in this market so I am hopeful it will go for more but I am budgeting 45k.Deal 4 Bought an REO for 12k, rehabbed and all in for 20k, property value is 60k, posable more if we sell as a turnkey to a CA investor.Deal 5 Condo in Chicago, bought NP note (owner died in 2007 and nobody has paid since) paid 22k for the note, property rents in that neighborhood are @ 1,100 a month and the property is worth 60-70k based on estimates from a BP realtor in this market.Deal 6 bought a vacant REO for 5k, paid 7k in back taxes and put 18k into rehab, rented for $875 staring June 1st and worth 60k based on neighborhood comps and feedback from our PM/Realtor.Deal 7  Bought a SFR in souther IL for 12.5k, needs 30k in rehab and BPO's came in at 65k and 70k, I counted this as a 20k value since we will need to put more into it.  

Once again, thank you and really appreciate your feedback. 

My other feedback to keep you limits high is to not let credit card accounts close. 

Thanks @John Howard I appreciate your feedback and hope your next investments go well!

Thanks for the feedback.

If the purpose for the entity is liability protection, you should be having a conversation with an attorney.If the purpose for the entity the accountant should be able to provide any feedback if there is any tax saving opportuities with the LLC formation.Best of luck to you

Given the feedback I've been getting on this thread, though, I won't even attempt to explain that.

Ideally, I’d have an Airbnb down there (for occasional personal use) but have received some feedback that an out-of-state Airbnb would be too difficult to manage.