I'll look into getting a DBA right away.So after the DBA (ABC Management for example), when I am creating a bank account to manage the funds for the property I can accept checks written out to ABC Management even without a corporation or LLC linked to the DBA?

So you want to start searching asap once you get your property under contract to sell if not even earlier.And of course you want to work with a lawyer as there's plenty of paperwork and you don't want to miss the dots on any I's or crosses on any T's. 

Hi,Checking if anyone has any recommendations on how to go about setting up llc and how it impacts personal loans for the same. Looking any recommendations for companies that help setup llc For properties in Dallas ar...

The deal involves buying an existing single-family house for $700k that conveys with a vacant lot.

After negotiating price down, with current rents, I will break even on cash flow after year one.

Not sure if its a regulation issue or what it is, but I've only been able to even entertain the idea of doing business with HMLs on the MN side of the border. 

It’s  not in a visually bad condition - foundations etc are good based on the report - just hasn’t been maintained too well - it’s a large custom home built in 2003 and single story and the agent kept persuading us it’s worth that much.

I'd invest in single family. 

The bathroom ceilings were so low that I may not even fit in the shower.

Every time slot during the day has a purpose... even if that is just free time, social time, family time etc.