I have a lot to consider and you've all given e really great insight.

After vetting them with multiple e-mail questions, when I finally show the dwelling, I seek out and avoid the folks that want to change a bunch of things right off the bat and/or over-react to small things.  

without the LLC, your liability is limited to the business, i. e., if you are sued for any reason, they cannot come after your personal assets. and lets face it, people are sue happy these days. protect yourself and what you have. second, always borrow money to move ahead in this business. using other peoples money risks none of your money and gives you stronger motivation to work thru the problems you will ultimately encounter. the trouble for you is that the business card will come only wen you can show 2 years worth of tax records on that business. if you form the LLC now, you won't have that 2 years of tax returns to show for.......... two years. you may have to get a card based on your personal information. if you need to, start slow and low, but get started. you will be amazed at what you can do with the little you can start with. good luck

Unfortunately, they don't have enough equity and don't think they can take less than 85k.One day this week, I'm going to e-mail her a reminder of my offer and also of the fact that over the course of the next 2.5 years, she'll be paying at least another $14,000 in interest, taxes, and insurance before the loan comes due.I could probably up my offer a little bit, but not to 85k.  

They're at 601 E.

vou me mudar no próximo mes para ghent e ando a pensar no que fazer... ja que foi a minha mulher que arranjou trabalho por ai.tenho pensado em reformar casa para vender mas não conheço o mercado. eu tenho trabalhado como engenheiro em construção ha uns 10 anos mas está na hora de começar a trabalhar para mim, como eles dizem.espero que possamos falar e que me possas dar umas dicas, já que vou do zero mesmo, a começar pelo holandes...abraço

The cost to convert would be FF&E (king frame and mattress, 2 to 4 stacks of bunkbeds or another king, kitchen table, couches, TV, etc.); albeit, high-end to match the area and client expectations. 

I ha e a few questions so on how to get started and some questions about being a landlord.

You can deduct mortgage interest and property taxes fully as they are deductible on your personal taxes as well as schedule E. 

Listen to the biggerpockets podcasts, real dealz podcastRead rich dad poor dad, e myth, 10x, Brandon turners books, and j Scott's books.