an inspector will tell you everything wrong with a property, from the minor to the major. so if the inspection report finds a bunch of electrical issues, yes, you'd need an electrician to tell you whether they are $200 fixes or $2000. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

If you want to do people a favor you can get their offer(s) in writing and then when they try some bait and switch on you - report them to the state and national licensing boards.

Your reporting on your federal return shows whatever recognized gain is recognized. 

@Kris Moulton Hey Kris, can you report on how it’s going now?

I've got the common sense items such as clean the lint trap, report leaks ect.

One man reported successfully receiving a refund within 90 days.

My leases say Tenant is responsible for pest control if not reported within 10 days of move-in.

I will still post on here weekly but currently these are the things I am working on:-Vetting my options for financing-Vetting other parties and areas for best success on this dream project of mine.I have a few ideas on the concept and will eventually reveal it here 🙂Cheers folks keep chasing your dreams!

I put a simple CMA report in a Google sheet if you want to take a look.