The main issues i see with this idea are:1) Splitting utilities is going to be very expensive and most likely kill any real margin 2) Actually get permission to split the home, there are however seperate entrances and windows so there might be hope.Any Input?

The main assumption is that both you and the seller can read and understand the sales contract you will be using...and it should be readily understandable.

The day before, the borrower declared BK13....no problem I thought, as their arrearages are substantial, and their payment plan would be a great cashflow ROI, the main reason we bought this note.   

Main home is a 3bed/2bath and MIL suite is 1bed/1bath.

I have hit my goal (bought and sold enough to cash out on my dream bike) in that field and want to upgrade my side hustle.I am mainly interested in the idea of buying low and selling high (isn't everyone) as I am not sold on the idea of rental properties just yet.

Not to mention the occupancy taxes in the state of Maine.

The only time I've looked at jacking up a floor is when the main trusses in the basement are split and/or have WBI damage.

I do not think this is true... there is a common believe that you should establish an LLC to invest - and then you open a business checking account for your LLC.. other then that - the LLC has no TAX benefits... it is used mainly as an extra layer of protection between yourself and the property..3. for loans - nothing lower then 40% that is correct, however - you should buy first properties CASH, file income tax every year - and that will start your credibility in the US.. fell free to reach for any questions:-)4. correct in most casesGood luck!!

So I decided to build an addition to enclose that into the main space making it the new dining room allowing me to expand the kitchen 2X. 

With all the knowledge i have acquired, i want to build more equity and my main strategy will buy and hold.