After finding a  suitable borrower to place your money with, but before the money trades hands, be sure to underwrite the deal thoroughly.

It's rare that sellers want to sell today, but if you follow up with them, when they are ready, you'll be the person they work with. 

A well coordinated and planned construction project due to the professional services yields less headaches, surprises and saves time which overall saves you money.   

Hard money loans, for instance, might be an option, but make sure to factor in interest rates and timelines.Exit Strategy Uncertainty: You might not be able to sell as quickly as you planned, or for the price you had in mind.Tip: Have a backup exit strategy, such as renting the property short-term until the market improves.If you’re looking for advice on financing your next project, I’d be happy to help with that or answer any other questions you might have!

VA doesn't allow this so the moneys to be paid are added to the project. 

If the tenant says mold is present, inspect the home personally. 

I can't comment on the Houston market, but I do a lot of investing in Detroit.While I haven't personally gone and confirmed it, folks are citing the same thing happening there.

Very old building as well , my client was very strict with how much money he wanted to invest in the building. 

You probably don't NEED a CPA or lawyer for help getting an LLC, but if it's your first time the extra money to know it was done correctly probably doesn't hurt if you can spare it.

I have an LLC that owns 4 properties in Kansas, I own a rental and our primary residence in Colorado under our personal names, not the LLC.