It is far from being accepted or demanded in markets, at least nationally.

Re laundry money, i never include this in my calculation - i simply look at it as bonus income. your vacancy at 3% sounds low, again not knowing the location its hard to sell. 5% would be my lower estimate in high demand location and proven 100% occupancy in the last 2-3 years.Repairs and maintenance, unless the property was recently renovated top to bottom or you would renew the large items like roofs, HVAC, water heaters etc 5% and 4$ is tight. 

I will second that there is a significant lack of properties that are true "deals" right now since the hurricane has increased overall demand in the retail market and is driving fierce competition.

You might be able to use this method for individual projects, but it could make your taxes a nightmare at the end of the year, your best bet might even be excel.

-Units are same sq ftg (approx 500 sq ft), but one is a studio and one is an actual 1 br-Fully renovated (floor-to-ceiling) units of the same layout and size in the complex are selling today for $155k-$180k (big range, but supply and demand, right?)

I'm assuming the following should all be in the name of the LLC and not me as an individual: -contract with property manager-insurance policy on house-any utilities I continue to pay for (so, for instance, checks to the gardeners / pool guy should come from the LLC) Anything else I might be forgetting?

Looking to connect with other investors and like-minded individuals and grow my own network around NS as I look to get into RE Investing!

I have been looking for an individual with a great deal of integrity I could coordinate with or partner with as i am an out of state investor. 

Just never been able to get to the point of paying cash for a home to start flipping. 2nd: After talking to some different prospects, I have been directed here, I was told I can get in touch with individuals that help front the funding for flipping homes. 3rd: The Question.

Assuming already on city water/sewer, individually metered utilities.