House A and B in same LLC can both be included in lawsuit, House A in LLC1 is protected from lawsuit on House B in LLC2)If you get an LLC and don't do it right then there is no point, but if you actually operate it correctly then it is a good thing.

That is a red flag and in a down market could be a big issue.

The plans included there budgets.

Other hot investment areas that are out are West Park, Tremont, Ohio City, Parma, and pretty much every multi family property anywhere decent in the greater Cleveland market, including Cleveland proper.You should be able to find a decent single family rental property for an all in price around 50k in the following areas.Garfield HeightsBedfordNewburgh HeightsOld BrooklynMaple Heights

THAT'S the sort of savings you're looking for, even if you aren't flipping.Look into FHA203k loans, which let you buy a fixer upper (including the rehab cost) up to a 4-plex, live in one, with very low deposit down.One problem with Wholesaling is: if they're great deals - why would you WANT to sell?

That could include rental property or flips or storage units possibly also.  

Lessons learned:1)Fire a non performing PM early and often ... they NEVER get better.2)Don't buy out of state where you can't verify issues & solutions or easily take control to straighten out a mess if need be.3)Repeated visits for what seems like the same or similar issue are a red flag which should NOT be ignored.4)Use licensed, bonded electricians who pull permits.5)Trust but verify.6)Be careful about who even bids your jobs.

If the appraiser used different comps have your realtor submit any additional comps and include a list of repairs/upgrades that you made to the property.Good luck!

The mortgage debt is $2600 ( include insurance).  

Good morning everyone, I found a 2-family home with 3 bedroom/1 bath unit per floor, including the basement and the attic.