Although estimating the cost of rehabs can be tough for a new investor, estimating the rehab costs on a total gut is easier than one that only requires the repairing and upgrading of certain components, imo.With the latter you have to try and figure out does it need upgrading/painting, should I replace it or just leave it alone?

But the number of incidents, however they are defined, divided by the number of people may well be going down even if the number of actual incidents are going up.

You may include continuing education if it is required to maintain a license such as an Appraiser, Realtor, Broker... etcMr Koller,I personally do not know too much about Texas Series LLCs.What I love about Illinois is that they have specifically defined them as separately liable in the law that they are even as specific as can be sued separately.Separate accounting must be kept for each cell.

Cost segregation studies do not have to be expensive and can result in significant tax benefits and cash flow improvement in the early years of depreciation.Separating various components is no longer allowed, but cost segregation is.

William,I appreciate the advice and I am definately going to find a good real estate attorney and make sure everything is covered and I don't do anything that is not legal after all the nonsense I've been through just with my daughters friends.

Most states are like NC, and reserve/define certain words that companies (LLCs) can use.

The divisions would be:-Acquisitions -Sales-Project Manager-Office Manager/ Marketing -Property Management-Financial (bookkeeping and securing finance)I plan on taking one department on at a time and have roughly defined job duties.

Geoff, you just need to be careful what you define as "lower income" areas.

Usually, in my area, the key word there is "family", and how that is defined determines whether the set-up is legal or not.We have areas that define "family" as up to 3 unrelated parties, and some stop at 2 unrelated parties.

First define how much capital you have to start with and then lay out your plan and goals.For a flipper with a license you can save on the resale side in commission costs.For a long term hold buyer you just really want the deal.