Real estate can make it go faster if you do it right but it should still take 10-15 years as compared to the normal 30-40

@Jared Carpenter every deal is different so in order to compare apples to apples I look at the total return in the time period.I don't really like non stablized cashflowing assets like developments or flips especially in this sellers market.

It's really just looking at the comparable homes in the area that are updated in a style similar to your proposed renovations.

I always recommend my clients get fee sheets from a few different lenders to compare.

You can flip anywhere that you can market to motivated sellers, and purchase properties at a discount compared to ARV.

Jose,While there are many different benchmarks to compare an investment to in order to gauge success (excluding subjective meanings of success), an easy comparison is one made against the stock market (i.e.

[As a general rule-of-thumb, ex-primary homes reap very poor cash flow, compared to pure investment buys!

I wrote the above for informational purposes.

Get a few contractor estimates to get it up to market comps and compare what you could sell it for fixed up vs as is.

Your LLC is a Texas LLC for legal liability purposes, and it is treated as a partnership for the IRS purposes.No changes needed.If the second member is your wife - you will simply report your rentals on your personal joint return.