What steps can we take to make an in-depth economic comparison between these two options?

If it is an LLC that will be just you in it and no partners know that setting it up is fairly easy, but if it is with partners or maybe getting partners into it that will be a little more in-depth which needs to have an attorney involved. 

I'm happy to cede the fact that time and effort are always going to be required; now let's get back to the topic of whether real estate can be learned without paying a fee.Now, I freely admit to being out of my depth.

Now they're looking for moss on the roof, water heater strapping, two railings on stairways, tread depth, window egress, fans and circulation, legal bedroom size.

If I want a certain skim coat depth on the drywall, I say that.

The following advice will get you going in the right direction:Identify Memphis neighbourhoods with high rental demand, potential for property appreciation, and a favourable investment atmosphere by conducting in-depth market analysis.Look into financing alternatives that work for you.

Financial modeling is much more in depth than what you have there. cost of money, closing costs, realtors.

Hi @Terence Morgan happy to discuss further in depth. 

The GP should have an in-depth understanding of the underwriting process before letting anyone take control.

The zoning is CMX25 which requires a commercial use for a space that spans the first 30 feet of building depth on the ground level.