I'm currently searching for a house to flip, and I noticed under the "by owner & other" there are a ton of foreclosed homes.

The challenge in the older home markets is that every one of the homes has some deferred maintenance, its just a question of how much. 

Lastly, we own our current home.

My goal is to get out of high school with one or two single family homes and expand from there.

In my county it's a one page form, takes about 2 minutes to fill out and they charge $15.However, limiting your liability is much more complicated than simply dumping a property in to an LLC.

In sunset hills Missouri they do require the home owner or representative have a mailing adddress in the city  

Especially now that home values are about to increase again, mostly in part to lower rates as of last week and still lower to come after the election and into 2025.As these mortgage rates continue to drop further it will cause more buyers to come off of the side line putting in offers. 

House hacking makes high cost of living cities possible for home ownership and albeit with a lot of wealth building potential. 

Looking forward to hearing your thoughts and tips!

The Details: 3 Single Family rental homes on one .34 AC lot with existing long term tenants.