If you think the property is in a decent area with other rehabs going on around it do it. 

I think there is such a thing called "overpaying" and but $400 to $800 is pretty good cash flow in a decent area.I would overpay some if thee location is good. 

After consistent follow, I offered second carry and he spoke to his legal rep and says he is open to the idea.Property type : 4plexNeighborhood: Decent about A around Dutchtown STL,MO area.- hot area.Comparable between : 260 - 310kSeller will accept 280K - 65kSeller will second carry $65k . 

You can make money flipping high end properties, but not so much as a landlord right now.If you want a home,  buy a good building in a decent area, buy as much as you can afford and forget about the price. 

I've gotten to the point where I think it's best to have someone else handle the tax side of things - we are starting to get a little complicated, and will only get worse from here on out lol.I've previously taken care of everything myself when it was only 1 or 2 doors, operating as a sole prop, but now I have enough properties and have been doing a decent amount of reno/rehab to warrant 1099s going out and all that jazz - I figured it was time to find someone well versed who can handle such things instead.Any recomendations folks?

So I got one that was very in-budget, good in terms of cash flow, decent neighborhood, not too old, clean inspection, etc.

Speak to a loan originator and work backwards from target purchase price, to loan amount, to monthly PITI payment, to what she'd need to show to qualify.Doubt you'll be able to pay her enough for her to qualify for a decent loan size:(You're also going to increase the amount of taxes you pay.

A lot of landlords are advised to put their properties in the name of an LLC for asset protection.While this is basically true, the reality isn’t what most landlords think.If a legal issue occurs with your property resulting in a lawsuit, there’s a decent chance the plaintiff’s attorney will be successful in “piercing the corporate veil” of your LLC and being able to sue you directly.

The rate may not be as low but it should steal be decent.

Bit of a long shot here.