Great place to start is going regularly to the Memphis Investor Group (MIG). 

I also did not regularly inspect the inside of the house because I felt like I would be intruding on her home.

Again, work only with brokers that have demonstrated success in selling land to builders, and do so regularly.

I would consult with an Attorney and a CPA on that, every state has different laws for LLC's. i would think a regular LLC for the buy and holds and an LLC -S for your flips, i do not believe you do not have to or want to go as a C-corp.

Hey @Bryan Wilson I think this is a good discussion, and one that is definitely beneficial to new investors who ask me this question pretty regularly. 

feel stupid here but I cannot even find the Pros Files area. unless it's just the regular Files area. 

I'm a bit of a broken record trying to get some of my investors (and regular buyers) to look at homes with a basement apartment or carriage house.

In my line of work we look for things that will need to be replaced in business or property regularly so I was curious on how you viewed that expense.

I do have to say they probably gave me a much harder time on the inspections than regular GC's would have had.    

It basically becomes a wash and higher risk.