Make sure whomever you're hiring follows proper safety practices, has a safety plan, proper tools, PPE (personal protection equipment), etc......especially on a demo job.  

Hello there, I'm getting ready to jump into this career/lifestyle and now I'm  trying to "pencil" things out.

I have started partnering in deals with family members in the Rio Grand Valley area (Mcallen, Edinburg, Mission) in Texas but would like to also start in the San Antonio area learning from all of you.I found BiggerPockets while looking for opinions about the Lifestyles Unlimited group.

You may lose an entity to litigation as well any property it holds, but the other entities are not involved if your structure is done properly.

There ARE so many right answers to your question.I feel that you can find profitable flips in any almost any area with proper marketing, due diligence, and proper project management.  

Business wise the smart move is to get a permit and build a proper separate unit in the basement.

If the business entity taking out the loan is properly set up (no humans anywhere in the ownership chain), the acquiring entity's credit alone may be enough to put the deal together if the entity has a strong enough credit profile and financial statement, and sufficient cash is available to balance the lender's maximum LTV against the purchase price.Just a starting point ...

He is totally retired living on the Florida intercoastal waterway with all the toys and lifestyle you can imagine. 

If you're in Houston you should look up Lifestyles Quest or Investway.  

@Ahmad Hijazi  just like those above stated really depends on your cash needs and lifestyle.