This can be a great workaround because many states require a physical address for your LLC, and a PO Box won’t cut it.

Essentially there is a property management company that finds investors to pay for the build of duplexes that are then sold for 30%-40% more than the cost to build.

We appreciate your business, and we hope you continue to be happy in your home.In recent months, property taxes and school taxes have increased, and the costs of labor, materials and insurance premiums have increased significantly.

If you plan to be there LESS than 7 years, then I might consider NOT BUYING because if prices stay the same it will take nearly that long to pay down a mortgage enough to cover commissions and closing costs to sell and break even. 

Although, there are costs associated with forming and maintaining an LLC, such as state filing fees and annual reports that are to be noted. 

There are few cases where you can do 90 days with no rehab however there will be a final consideration of value from underwriting, which may or may not cut the value. 

In your case, having a local owners rep could certainly help but that will add additional costs.

If you like to renovate Im sure you can cut some price but I really wouldnt go too much lower. 

A little background - I'm a nurse and have been hoping to find a market that pays decent when compared to the cost of living and also has high prospects for growth.

I doubt switching to a different property at 5% down will leave cash flow negative as well but you’ll lose closing costs on both ends from your equity.Selling before 5 years is typically a net negative unless you are flipping.