I opened my LLC in June and just got my first deal for the entity under contract.DetailsPP $46,900Rehab <$20,000ARV $105,000Rental Range $825-$875Monthly Operating Expenses $311.17Paid Cash and will open a LOC once rented and appraised. 

Also, having tried to get a couple bays next to each other on the weekend (tried being the operative word) we may have better success with scheduling during a weekday. 

Yes you will also need your certificate of formation, operating agreement, franchise tax info(if applicable in IL)-basically just bring the company book with you.

That’s not how the Tax Court tends to operate – very much the opposite.

The ones that do survive 80% plus are owner operators meaning they are the business and have just a few employees.

My guess is the houses are in class C areas because they had to be, for ARV and cash flow purposes, but are unlikely to operate at a high enough Cap to justify a buyer not just moving on an APT building instead.

I operate a property management company in Indianapolis called Intrigue Indy.

Caution:Contracting for repair, maintenance, remodeling, or improvement by any person licensed under part I of chapter 475 (real estate agent) while acting as the owner’s agent pursuant to that license, where all work requiring a contractor is performed by a contractor who has a current, valid certificate or registration issued under this part to perform such work, and where the aggregate contract for labor, materials, and all other items is less than $5,000; however, this exemption does not apply: (a) If the maintenance, repair, remodeling, or improvement is a part of a larger or major operation, whether undertaken by the same or a different contractor, or in which a division of the operation is made in contracts of amounts less than $5,000 for the purpose of evading this part or otherwise.For the sake of your cousin's license, either make her a part owner (sharing the gross profit as her compensation) or get a GC on the job asap.Just a helpful hint to keep a fellow real estate agent out of jail. 

Do the operational partners have the liquid capital, net worth and background to close?

Almost 3 years ago, we found her and she became the most integral part of our operations.