For example if you grew up in Hopkins you would likely know every part of the city and whats improving and declining.Your market is the twin cities area and the demand for rental housing, price to rents, and future trends.You need to know your city and what they expect from landlords and the costs involved in compliance.Neighborhoods are not the same block by block some have good demand blocks and others have undesirable blocks.Knowing your block would be understanding that the houses in a certain part of the neighborhood are In high demand because of the walking trail, proximity to transportation, or a school boundary, planned light rail, etc.

You currently have good title, so pass good title via a warrentee (or as the attorney may correct via a limited warrantee) deed.Please research how you must work within, treat your LLC in order to protect your corporate veil. 

I found this contractor online, and we agreed upon a full remodel price via email – we never signed any contract – the work was completed, but he came back almost two months after the work was done with a new invoice showing a 30% increase in cost.

We have taken a proactive approach and are doing meetings via Zoom, we also have a matterport scanner so we will be able to scan listings and homes that a buyer may want to purchase if they are afraid to tour it in person.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris scam and/or Morris Invest scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

This gives you the option of finding a deal you want, then selling your current property via 1031 exchange so you pay no tax.

Since you are pressed for time and do not have the funds to buy it cash, I think your best bet is to get off via wholesale.

I'll call him next week and get more information - I had requested info via email so maybe there was some miscommunication that happened.I'll keep you posted if that 15% was accurate.

It’s ok I guess that’s what I get for opening up myself to the public experts via social media.

Hello,
I am new to real estate investing and wanted to learn more about buying houses that go for auction. Could anyone provide any recommendations (Books, Podcasts Articles, etc.) that could provide more insight? 
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