For example, you can buy a $50,000 house that will rent for $1,000 a month, but it will also experience significant tenant problems, expensive turnovers, long vacancies, and other costly problems.

Now it should cost an arm and a leg, but I wouldn't necessarily go for Joe blow, "I'll do it for $200" either, or you'll be getting a call in about four months because all the refrigerant has run out your lines.Is it one outdoor unit and 2-3 heads?

You need to find ways to build more income in your jobs first or you will end up with a 9-5 and a side 9-5 that you can't manage with costs that will go 3x what you think.When you are new, talking about building teams in other areas is like 1-2 years away.

The home needed targeted renovations that aligned with our strategy of maximizing returns through smart, cost-effective upgrades.

Then when I go to sell, I can either convert it back to a single-family home at low cost, or leave it as two units depending on what the market is demanding.

What do you folks use as online method (i.e Zillow payments )for rent payment which is free for tenants and no cost to me also.

These things can add up and take a toll.Finally, cost of living may not be as good as you imagine.

We estimate that the basement will cost approximately $30,000.

Cost of living is low and entry point for rentals and flips is great. 

Every state is a bit different when it comes to determining when nexus is established.Speak with your attorney to see if it's worth doing this or if it's worth just having that LLC in NY.This reason is often why it's recommended to set up an LLC in the state of the property.