I am having trouble finding a reliable, efficient, easy to get a hold of, and good handyman work.Usually, people located in Virginia Beach do not want to make the trek out to downtown Suffolk.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Focus on these core concepts:Projected hold timeProjected cash-on-cash returnsProjected profits at the sale Projected Hold Time: ~5 YearsProjected hold time, perhaps the easiest concept, is the number of years we would hold the asset before selling it.

Decide which game you want to play.

If you plan on holding this property for less than 5 years, be aware of the Pre-payment penalties.

One way to look at is that your paying a property management fee of 8-10% to do absolutely nothing but just hope that this is a long term hold because you might have to pay these again to buy something else....correct me if I am wrong.

Reason for the LLC is I have 180k of equity in this home, additional 150k in retirement savings and another 60-80k in cash in my bank account and I want to make sure im protected if I rent it out and the renters sue me (im told that is a thing) - the nw home would become my new homestead2) Put a heloc on the home (im told I should be able to get about 100k on top of about 60-80k cash I have), keep it as my primary and use the money as a downpayment for flips and either payoff upon completion or put a tenant in and refinance out3) Refinance out 90-100k from my current home, mortgage payment would go up $300 per month ($3600 a year) and just use that money for flips/buy and holds or even just stick in the S&P at an average of 7-8% return so I am making 3-4% more on my money then it being in the houseI am super new to all of this, have been saving my pennies up for awhile and need to get going. 

They are not outright scams and people do some deals but you almost certainly would have been better off saving the money and profits and doing it yourself.They call the up front fee your "skin in the game". 

Who stays where most often.Get a hold of an insurance agent and run those numbers.

Now that there in the listing, the next 3 photos are VERY important, they must HOLD the attention enough to then make it worth reading any further then that 3 seconds.