There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Any specific strategies you're thinking about—like multifamily, long-term, or short-term rentals?

Seems like it could be a lengthy process.

The more expensive your property is - the more likely this to be the case.Conclusion.DIY is an option.

From what I was reading about refinancing requirements - seems like some of them require the property to be managed by a management company. 

Thanks for the detailed response, I wouldn't even think that things like soil could affect a budget by $10K. 

And, I don't know anything about New Mexico or Las Cruces, but I imagine it is like any other market: there are pockets within a market that are worth all of $70k, $100k, etc, and there are pockets are worth FAR less than that.  

Hey Lavette, it seems like you are looking for more cash flowing areas.

It’s never too late to join, and it sounds like you’re already on an exciting path with your multifamily opportunity.

In summary, I am curious if this looks like a project others would take on, and I'd appreciate feedback on how I might refine my deal analysis or estimates.