My dad was a contractor, so I've grown up building houses, remodeling, etc.

How strict are the licensing requirements, and are there any recent changes in city or county ordinances to keep in mind?

As a rookie the fear is that I make a horrible purchase which ends up costing me my primary home.About me, I have been fixing aircraft for over 20 years and this is primary income.

@Kyle Lamhypothetical example with simple numbers - you buy a house for 100K and fix it up for 50K.  

If you are in the CLT area and are looking to connect with othr like-minded individuals, I would love to grab a coffee with you!

Taxes go up, insurance go up. 

Do you all have any in-person meet ups?

I am on my first BRRRR and the issue is lenders keep only wanting to lend on 80% of the purchase price and not the actual appraised value, which would keep my money tied up on the rehab portion as well as 20% of the purchase price.

Connecting with local investors and agents can also give you insights into up-and-coming areas that fit your budget and goals.Good luck!

Set up the LLC in Michigan (MI).