BP creates the impression that if you're not buying, you're automatically in 'analysis paralysis.' 

Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? 

What I wrote above does not create an attorney/client relationship between us.

For example, population growth in certain neighborhoods and increased investor activity have created opportunities for both long-term rentals and value-add deals.If you’re torn between wholesaling and holding long-term rentals, I’d suggest thinking about your long-term goals.

That move created frustration on my part and the seller and had to amend the original contract.

Kudos to you for doing something to create a secondary income stream. there are 5 income streams in RE rentals, possibly six if you do things a certain way.The reality here is your model (buy box) is suffering from too high an entry and too high a cost of capital.

If it didn't cash flow perfectly none of that mattered to me because I was buying buildings in good neighborhoods for the long-term generational wealth they'll create 5, 10, or 15 years down the road.

That move created frustration on my part and the seller and had to amend the original contract.

I’ve personally found that specialized property perks can create stable, long-term renters.

What I said in an earlier comment about "section 179 can't be used to create a business loss", that wasn't entirely accurate/complete.