You can use this as a lessons learned and get a better idea for how long something takes and how much it costs. 

Buy one and see if you like managing it.  

Sober living facilities can carry a higher insurance cost plus riders due to liability and likelihood of predictable behavioral issues.

Having the bare minimum can be okay but it also puts them in danger if something should cost the HOA and when that account goes to zero or under 10% they generally raise the HOA fee's.

I would probably need a hard money loan, not sure what carrying costs would look like.

Have you estimated the repair costs?

Maybe set up the LLC as a property management account and use that to operate your rental business.

Managing tenants comes with its own challenges, but it's definitely a viable option to get started in real estate.Wishing you the best on your journey, and feel free to reach out if you ever want to chat more about it!

Specifically:1.Tax Prep Costs: What are you typically paying for tax prep services for your real estate business?

The cost is approximately $6800.