If you don’t plan to sell the lots w/mobile homes is there a reason you have to split the lot?

so I'm wondering if around $50k is reasonable to get a smaller single family home up to speed where it looks something like what you'd see on HGTV.   

You can stack your personal 50%s up for separate ventures while still knocking out deals without your own capital2) Read Raising Private Capital by Matt Faircloth3) One LLC with the S Corp designation to pay yourself a reasonable salary from the flip profits.

For the reason Henry mentioned, you need to screen anyone over 18 living in the house. 

Speaking of, one of the reasons why they're behind is because of debt coming due later this year.

Also, I would like to avoid class D for those reasons.

Here would be a reasonable case if you sold the property while getting the section 121 exclusion.

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.

The reason not to upgrade, is that you won't get that much more income for the cost of the upgrades.  

Here are some reasons to get the ball rolling:Thriving Market: Florida's population continues to boom, fueled by warm weather, a strong job market, and a business-friendly climate.