So it sounds like with land, development costs the 1,800,000 would be close to what you could build something brand new for.So then the question to ask is there other locations that are better where you could build new for cheaper and have better exposure for your business?

You are going to be paying more for inurance when dealing with flips because of the increased risk exposure.

I didn't know that lending costs would be higher to an LLC, but in retrospect that makes perfect sense given my reduced exposure.

Charles Soper you might think the “lion’s share” of the work looks like it comes from the buyer’s agent, but please understand that a top-notch listing agent has a lot of skin in the game, spending their marketing dollars on getting maximum exposure for your property, investing time each day networking and getting that property in front of as many buyers and buyer’s agents as possible.

I will take into account all of the advice and try to implement in the most constructive manner I can determine.I also appreciate that by responding, it is getting the post more exposure and therefore more feedback.Keep building wealth!!!

The second pillar is a good insurance policy as that cover the majority of your exposure.

Close your eyes again, and tell me what the website is about, from your 2 second exposure to the site.

when I move out, it should cash flow about $250 so I'm pretty satisfied with that.I am now working full time as an agent to get more exposure and make more connections in the industry.

Your liability exposure is so much higher with a rental compared with a primary residence.

Some banks look at more than just the rental income, but dive deep into the borrowers financials as well (Private & HML evaluate a little differently), But you definitely want to know a head of time when the time comes if you can finance/ refinance or not and your maximum exposure or you could have your cash sitting in properties longer than anticipated and slowing down your progress/goals quite a bit.