A spacious suite bedroom includes a decorator ledge and the suite bath features a garden tub with separate shower for maximum relaxation.

A spacious bedroom includes a decorator ledge and the suite bath features a garden tub with separate shower for maximum relaxation.

If the house is deemed historic there are preservation requirements in many communities that require you to show the renovation designs to a separate review committee before permits for work will be issued, and this additional layer can add months in some cases, plus additional design and build costs as certain materials and craftsmanship may be required.I also did not see holding costs or resale costs, two elements that nearly all flippers will face.

Keep the two separate

Most important may not be "how you structure," but that you make great investments and take action to create cash flow and profits.As a lender I see a lot of companies organized poorly and accounting for things incorrectly, but it might be better to see a lot of income structured incorrectly, and a little organized perfectly :) With that said, I am careful not to give legal or accounting advice, I can say that I maintain separate companies and open business accounts for each company. 

No, debt service is separate from operating expenses.

Add separate meters and stop supplying free utilities.

LLC is meant to protect you the LL by separating your personal finances and liabilities from the rental property.

Only one apartment can be powering the heater if the utilities are separate.

The downstairs of the house could be one unit probably earning $850 per month and the upstairs could be a separate unit (it has a separate kitchen, bath, 1 bath and living) for $550 per month.