If you're serious about wanting to get started, there hardly any more cost effective way to start your investing education.

In effect, I had a partnership, with my parents.  

Consider sending in a 9 X 12 envelope as they can't miss it.Unless you're mailing many hundreds, this can be very effective as it adds value to your service, beginning with "heads up" this us what your house looks like now.

A single member LLC has no effect at all on taxes, unless you elect special tax treatment.

He also has reduced the time I spend looking for houses by about 80%. without refucing our effectiveness or effeciency significantly. 

The right kind of development will have a positive effect on values.  

Overall this type of situation would make me nervous and I would not be excited about this rental group.Then again I don't know your market and that always effects things a lot, but in my situation I would rather wait until I found a renter I had less doubts about.

For investors who are employed full time in addition to investing: When New Yorkers, Californians, Bostonians, (insert other expensive metros here) do deals in low cost markets, we get a tremendous feedback effect from high dollar amount we are easily able to put into the low cost market.

Paying fees to refinance just so you can turn around and sell the house will hardly ever be cost effective.

As it effected my eye sight in a terrible way. not only the right eye , but also left eye was very light sensitive.