if you're looking at 1-4 unit properties, don't kill yourself trying to create an LLC just yet. find your lender first then see if they'll require you to close in an LLC or not. single-member LLCs do not provide as much legal protection as we would like to think, so if that's your reasoning for wanting to create one right off the bat, that's just something to consider. as far as a business license, AFTER you close on the property, call the town hall and ask if they want you to have one there bc you're collecting rent there. if you're using a PM company, they will probably say no. :)

Hi Ertha,We have been flipping in Toledo since 2014.One of the first companies to do as many deals as we have 👍We get a lot of deals from wholesalers, disposition managers and believe it or not Craigslist.I feel like there is always a deal to be found on Craigslist.You have to have feet on the ground to inspect, be quick and close with cash.The good one's don't last long.Thus the importance of establishing the right people on the ground before investing in a specific market.Wishing you much success

We're finding tons of success right now with MTR's within a 5 mile radius of target locations to get properties closer to cash-flowing and I'd encourage you to start there as tenants are more reliable and properties are in nicer neighborhoods.  

You pay a flat rate (but there are often add-ons), you create the listing/wording and take great pictures, you send it to the company, they put it on MLS. 

@Shivani KumarLet’s say they have to get a pest control company to do something and it’s a third party company - they will charge 5% which is very common as they have management to bill and coordinate that activityMany places I see this 10-15%I would make sure to check indemnifications clause with an attorney

But, similar to an sfr adjusted up for a 2nd unit, this is typically not the most reliable method.

Each city has is own ordinances from code and violations enforcement to yes Airbnb (short-term rental or not).Then you need the best management company is the blood of you business.

A lot of manpower is lost.As we approach our busy section 8 season (for us April - July) I am looking for better ways (more affordable and efficient options to the investors bottom line) to plan for and execute the workload which may include hiring someone that has section 8 experience to handle our CHA inspections(and associated maintenance work) or a company that we can outsource when the weeks get slammed with inspections. 

Chester county, PAMy title company says they don't work with foreclosure properties.

Three different management companies have said three different things.Fines are generally either $X or Up To $X for a 1st offense.