Yeah, I always factor AC/heater, foundations, or roof repairs separate from the rest of the costs, as they completely change the game.

Have some accounting of all the money from government numbers games - lottery, powerball, scratch tickets, etc.

You will have to have it resurveyed to establish boundary lines and legal descriptions for each lot.

Once you establish a good relationship with these people, you rarely have to be local to own properties.

If I got new PCS orders, I'd probably try to rent the house out at that time, as I would have hopefully already established a positive cash-flow at competitive rents when I purchased.Brian,I see your point about being more clear in my reasoning for using an LLC.

Then upon ratification, establish the LLC?

For anyone that has been in the real estate game awhile you learn over and over again that good connections are important.

OK by me if that becomes the rules of the game.

If I ran a bank, I'd want skin in the game.

Helped a client come up with an investment game plan and make 6 offers on houses this month.