Access to the MLS is great: setting up hot-sheets, really specialized search functions, running CMA's, access to tax records/mortgage/owner information, easy access to showing houses...Saving on commission or waiving it is great alsoBeing an agent is not the same as being an investor, they do overlap in some areas but think of someone opening 2 new businesses at the same time... it's do-able but.....

@Brandon Richards - looks like you are combining two products and you are talking about Homestyle as well- however there is no limit to the amount of work expect you cannot exceed 50% of the "after improved value".  

@Sven D. check out Oregon Chapter 646A Trade Regulation, specifically sections 700 to 765, referred to in combination as the Mortgage Rescue Fraud Protection Act.

If cash flow is equal, choose the option that has the better combination of other returns.

@John JessieIf you are NOT putting in your own money, you would be lucky to find an investor willing to share 20% profit with you.....Look at it this way, if you are NOT putting money in, you are in essence functioning as employee of the investor, and you should be making an hourly compensation, whatever that hourly rate is.....

Not sure about the need to "be adjoined to my parcel", as in combining the parcel.

I would also like the platform to have tenant screening and other options available so that I can leverage that functionality when having to locate new tenants in the future.  

Current state: Value 240k, 3BR/1.5 BAUpstairs bedrooms are... 1. 10X12 2. 12X12 3. 12x10 A: Add a bedroom downstairs and bath =4BR/2.5BA Total cost = 4kB: Combine the Bedroom 1 and 2 to create a master suite w/ walkin closet and bathroom.

What I was hoping I could maybe do is have one of the LLC function as the "Operations" LLC and it would own the bank account and then all transactions could use the single bank account?

@Alli Issa  some property is just functionally and socially obsolete... it appears that area is that way.unless there is some massive effort by the city to pump money into the area to change those characteristics then in my mind its extremely risky . work on something else.. even for free those are not deals.