I'd probably let this slide too unless I had a bad feeling about it for some reason.

I highly doubt that you will be able to create $25,000 of equity with $1,000 worth of repairs (which seems a bit low anyway)  Other than that it doesn't look bad but it all depends on the area.

First the bad news: In order to form an LLC and sign US legal documents, you'll need to be at least 18 years old.

(This should govern your leases as well) you may not need to consult with an attorney JUST for this issue....It's never a bad idea to run things by a real estate attorney anyways.

Not bad, most of the rental increases already happened a year earlier.

The bad thing is that the city can deny a special exception.

Also for the people who bought several cheaper homes (50k and under) do you not worry about them being in bad areas and having bad tenants?

Also for the people who bought several cheaper homes (50k and under) do you not worry about them being in bad areas and having bad tenants?

Case in point Holiday falls on the first of the month which is a Friday, and their company pays payroll the day after a Holiday which is Monday. expecting payment Thursday would be a bad idea, because that means they pay their rent a near week before payday.I would deduct from their security deposit for fines, tenants are living in a high value asset, they can destroy property confrontation should be avoided.You should take responsibility for pest control its your asset you are protecting.Steep fine for painting, you might as well say eviction, you will never collect that money.Don't restrict your payment methods. 

This comes with it's pros and cons but I don't see that as a bad option. or...I was also thinking of staying with my parents another year or 2, stock piling cash from the house flipping I do with my parents business, and then save up enough to buy a 8+ unit building to rent out.