@Cynthia Fuentes reality check you may not want to hear:How will you succeed when you've been in the business for 11 years, but don't know the licensing requirements - or a better place to research than asking a bunch of strangers?

LLC is not required to start to invest.

Commonly, with multi-tenant buildings, there is some leakage in NNNs, even if it is things like tenant pays for maintenance contract on RTU and any repairs up to $5,000.  

Each type of loan has its own features, benefits, and eligibility requirements, so it's essential to carefully evaluate your financing needs and options before choosing the most suitable loan for your commercial real estate project.https://www.amerimort.com/

I'm leaving out deductions for closing costs, maintenance, repairs etc.Say I buy a house for $300k, land value is $100k.

I can also do a lot of the re-model work if required - ie, full demo, new tile floor install, custom tile shower, tile over tub, kitchen tile backsplash, etc.

But unfortunately you can only use the purchase price of the new property to determine if you have met your reinvestment requirements. 

I hire a company to do the advertising required.

.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.

Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).