I have been struggling to find a property using the rule of thumb 70% rule because it seems like the arv and the price on these properties are so close not giving me the room to even consider, so I decided to look at some multi-family properties and found some occupied duplexes with a huge margin for example duplex with 2b1b on both sides in nice area close to schools parks and downtown area fairly new roof and some updates listed for 49k and arv 175k ,fully occupied.

I have an opportunity to get a SFR for 45k that is in a rough area but newly renovated with new hvac, water heater, and roof. rent should be 750 per month, taxes 650, ins 900. assuming 35% for capex and repairs and 10% for PM. assuming 8% vacancy factor and 5% leasing.

I have been looking around but am having trouble finding some info regarding the legal aspects of student rentals.1.

I was a GC in Florida and now I’m working for a well established company contracting disaster damage / insurance claim repair (roofing from hail and wind, and flood, fire, etc..) over the entire Houston area.

It gives you a place to live, it lets you experience the buying process, the renting process, the maintenance issues, and depending upon how much work it needs it would let you experience the flipping aspect of things. 

Which aspects of the above do you feel most important at present?

We are concerned about our liability and being sued beyond coverage of an umbrella policy.Since the financial aspect has his personal name and his line of credit does that pierce the veil of asset protection by LLC? 

New roofs, windows, etc.

It is stupid because you get what you get and these houses may be retail quality, but likely are foreclosure quality, needing lots of repairs.I did not have entrance to either house prior to purchase.First house I knew has condition issues inside, and major roof issues. 

Synot Construction and Roofing