Alternatively, you might be able to make the LLC your "property manager", but that too has potential legal implications as in many states to manage property it doesn't own an LLC might need to be a real estate brokerage to legally do the property management.

Also need to look into the purchase price, renovation budget, and then potential rents per month.

Advani encourages investors to look beyond short-term fluctuations and envision the growth potential of their investments over years, not months.Strategy #2: Leverage Market ResearchIn-depth market research is invaluable, especially in times of economic uncertainty.

Our RE lawyer no longer operates his private practice and we are looking for some recommendations in the Phx/Scottsdale area.

Upper Arlington (43212) is an established Class A neighborhood with good schools and potentially stable rental income.

The house's electrical system seems to be functioning properly, but given its age, we're wondering whether it would be beneficial to replace it entirely( I.e update the whole electrical system) My question is this: Would installing a new electrical system increase the value of the house and make it more appealing to potential buyers?

Probably going to get hate for this but google sheets or excel is the most practical here.

Are you underestimating your ARV or potentially overpaying for it?

Examine the property's state, rental revenue, and cash flow while taking location, condition, rental prices, and future appreciation potential into account.Assist your real estate agent in negotiating the conditions of the acquisition and submitting an offer.

When I'm in doubt of a potential cost I get the written bid before I even make an offer or while I'm still in my inspection period.