This particularly holds true for Comtractors/ Sub Contractors who have notoriously bad business acumen.

He hired a mold remediation company and looks like there is significant amount of mold and the cost estimate to remediate is coming to 12k. 

They'll hook you up with high leverage, full term IO financing and will cover some of your planned renovation / capex costs.  

A nice 2-4 unit that will provide savings on the cost of your living expenses.

Any investors in Memphis have recommendations on small local banks for business checking accounts?

House hacking is essentially the cheat code to get started into real estate investing.Generally done by utilizing FHA loans and 2-4 unit properties.Basically, buy a primary residence, live in it or one of the units for 12 months, move out buy again and do it all over again.Each time you can utilize fha as long as you refi the former before you use it again.Great way to buy a lot of properties with low entry cost!

It means cheaper living costs, getting to know how to be a landlord, and having tenants.

@Noyessie HubertIf you plan to rehab all the units, if is more efficient and cost effective to do them at the same time.

The site asked for a physical address to do business within Michigan.

there is a judgement my name would be on record - for a longtime - even though this was a business dealing and not a personal deal.In my case, I own my properties in my name and self-manage my properties with a Single member LLC.,  and I am thinking of using the LLC name as the "Landlord".