In your case you could purchase those properties and then re-evaluate them every year to see if they still fit your investment requirements.The "pass through" nature of a single entity LLC means that the LLC does not file it's own tax return and all activity is reported on your individual tax return.  

If not, seems like the natural choice: less time and much less risk, and you only need a surveyor and possibly civil engineer to complete all the work.

this is bottom line.. no way you want to be spending thousands or hundreds of thousands and relying info you get on BP  LOL... its general in nature

I am in the General Contracting Business as a Project Manager and naturally wanted to take on a renovation project on our first property.

It is the same analysis, but it involves a lot more "scope", as it will involve more than your regular handyman, now you have to hire builders, and most of them are investors in nature.

There is a certain amount of opportunistic nature to shopping in the secondary with limited and small amounts of capital.  

Natural Gas heat.

I am about to open a restaurant in Knoxville, TN, so naturally that will be where I will buy a few rentals.  

It's judgements and stereotyping that widens the gap of human nature.

Looking for further details about what to say to the homeowner to get them to understand the nature of the deal and be okay with it.