I'd suggest when yoy talk to your attorney about forming the LLC that you include, specifically all kinds of activities in your Operating Agreement and Certificate of Incorporation and not rely on that catch all description of doing all things.

This is a function of what you can sell to investors to get them to invest and what you will need to operate to produce them the return.

I view my lending operation as a fill in when conventional financing is not available or not available in the time frame needed.

The challenge is to avoid having the heating oil level drop so low that the stuff at the bottom of the tank enters into the heating unit, since this tends to cause trouble.Now, there are some other things a landlord should provide - manuals for how to operate any appliances, for example.

Im in Las Vegas and operate as an LLC.

I only seen virtual inside and outside pictures on most of the leads I got in my inbox.I'm always looking for homes in the 50-$70k price range along with lower price range homes that can be flipped to rehabbers.Mike Jakobczak This home does not look like a tear down.

Some utilize cost segregation depreciation to virtually guarantee passive losses even with astronomical cash flow in the early years.

Agent recommended that I put a coin operated washing machine in the basement to generate some income...

Insurance is a company and companies operate to make money, costs go up, bills go up.

The basement needs at least 3k for demo, clean up, paint which would add virtually nothing to the sell price.