I think the two most important components you need is a contractor of your own (you'll pay double if you have to hire anyone to do improvements, etc.) and the other is having sound legal counsel.

While an operating agreement isn't necessarily required, it's an important component of an LLC, and especially so if there are partners or investors involved.

A few of things to consider:1) Cash flow is only one component of return.

My top 3 depending on the components you are looking for would be Salesforce, Trello, and Active Campaign. 

Obviously I think the cost of the investment/asset would go down but I'm curious as to what components of a specific deal are effected directly. 

If this is not a BRRRR and thus does not have an important refinance component, just calculate cash flow without ARV. 

Would I be able to determine if removing the tree could be troublesome to underground components or foundation? 

When I started the program, I took the "guaranteed funding" component of it VERY seriously.

Really add the visual component.

Graham Minkeasier than resale....lots of components to that, more buyers, not bought on cash flow, probably sell to O/O, less expenses, less appliances, I could go on.If you don't do a Section 1031, uncle will take some of that $50K, if you're in the highest tax bracket that bite could be 44% just Fed no counting state.One alternative would be to get a second mortgage if there is equity above the first that you can borrow.