I've been lurking around trying to gather info regarding building single family homes on my lots and flipping them.Hopefully I can get more information on DIY home kits, contractors, and construction loans.This will be an experience!!!

It would be far cheaper for me to DIY lock changes, lawn care, etc. if I a.) lived where I invested and b.) wasn't as lazy as I am. :-)

My step-father is an experienced contractor and he helped us on the construction, so it is not like we did a DIY project.

The upstairs is a 3-bedroom (very rare in our area) the bottom was recently a salon and needs updated to rent as a studio or 1-bed (no shower, no kitchen) however it's an open space that is a very cool "blank canvas".My real question is about LLC vs. personal for our situation, not really looking to nit-pick the KPI's, but feel free to comment on those as well...Based on 4 different lender scenarios available, the range for KPI's is below:Assume price of 175,0005-year ann.return 19-25 %CoC ROI 14-21 %Cash Flow 440-850 per monthEstimated investment to convert the lower unit:  $10,000 (but could be more if I cannot DIY as planned)My wife is the agent so she'll get commission of about $3,500Recent updates within last few years:  New furnace, new central a/c, new roof... without a formal inspection, I would consider the overall condition to be "good / very good" shape for being an old building. 

Its a DIY project.

Travis White if where you put Hi Theresa, you put Theresa K. it will show she was mentioned on her notifications.

I think the best thing I can contribute here for the DIY crowd is to recommend building granite tile counters.

@Hadiya CoppedgeI had a full-time job, working 50-60 hours weekly and DIY managed 22 units.That was before I switched full time to real estate.

Those things can be really funky, especially as most were sold as kit-homes and built by the owner occupants so I'd first say be VERY carefully, double check everything. 

All this DIY's a waste if you overpay.