I am a new investor and I have found numerous rentals in good condition, with long term renters already established (one in particular has had renters for 18 and 9 years), cash flowing anywhere from $400-$700 a month (including factoring in CapEx - 5%, anticipated repairs - 5%, property management - 10%, and a mortgage). 

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

Business To Do List:1) Find Your Team2) Evaluate the market3) Find a great Property4) Assign a Valuation to the property5) Establish a property plan6) Develop a budget7) Manage the propertyI am not going to break down all the steps here and now only because I want to put full focus on the current steps that I will be working on.Step 1) Find your team:I found a partner already.

My six-month goal is to own and establish cash flow from two properties, and I seem to be on the way!

The contract will be straight forward but we want to create a separate agreement that states he will provide training, help us get new accounts established, link to existing reviews, transfer bookings/deposits, etc. 

What ever it takes to establish a relationship with them.

It takes a considerable commitment in both time and money, to establish your systems.

I agree that Starmount and Montclair South are good neighborhoods you may want to live in, also Sterling, these are some pocket areas near some great and established neighborhoods in South Charlotte, I think they have good potential.University areas are more affordable.

Usually I get something like looks like this:Exterior Landscaping - $3,800*Trim trees*Trim bushes, remove vines and vegetation growing on home, and remove small trees growing around foundation*Remove trees growing through fence and around fence line*Install fill grade dirt around foundation and level yard*Install mulched flower beds*Slurry seal drivewayTypically, they are going to charge to give a quote for a breakdown like this unless you have an established relationship.

Since, I have some time between now and then I'm looking to establish a relationship with a portfolio lender and hopefully get more favorable terms or even just an easy lender to work with.