Even setting aside $$ for cap ex and vacancy my client can live in one side for way less than average rents.

From 2007-2009 the self-storage sector produced an average of -3.80%.

Do you know the square footage and average rents of this complex?

@Angelo Mart  I researched rent-o-meter, craigslist, zillow, and hotpads and for an average rental price in a 3-mile radius and calculated $1500 for the 2/1 and $1650 for both 3/1's.What numbers do you have for units on the border of 07111 and 07083? 

The average inspector probably won't point out much that your contractor or PM wouldn't have caught on your walk through, but it also doesn't cost that much and if they snaked the sewer or pointed out one defect you missed, the cost would pay for itself.

I love the industry. 

I've been in Atlanta for a few years now and I work for CBRE in Project Management, and previously for a small masonry subcontractor in Florida; so I'm quite familiar with the construction industry, just on the large scale commercial side. 

Leave some feedback introducing yourself and what exactly you do in the investment real estate industry.

If you are using the LLC simply to flip one deal, it should just contain the real estate and not any of its contents or anything else that would be considered personal property, such as the industrial lawn mower that the prior owner left in the garage.

Averaging 40k equity per property and I do see the tax benefits.