Francescon paid just $6,000.The bargains are now gone.Prices are up more than 135 percent from the depths of the crisis in North Las Vegas, rising almost three times as fast as the national average, according to the analytics firm Black Knight.Jasmine Ricks and her sister Portia Reed were among the lucky ones to get a home at their price point.The sisters, both in their 20s, were tired of throwing away their money.

pid=1563Houston Real Estate Highlights in August(* asterisk denotes that the “Harvey effect” has been removed): Single-family home sales rose 7.6 percent year-over-year, with 5,844 units sold*;Days on Market (DOM) for single-family homes declined slightly to 49 days;Total property sales jumped 36.8 percent, with 9,978 units sold;Total dollar volume increased 40.1 percent to $2.86 billion;The single-family home median price rose 3.0 percent to $236,870, reaching an August high;The single-family home average price also achieved an August record, rising 1.9 percent to $300,670;Single-family homes months of inventory was at a 4.1-months supply, down from 4.3 months last August and equal to the national level;Townhome/condominium sales rose 12.3 percent year-over-year, with 457 units sold in 2018 compared to 407 one year earlier*;Leases of single-family homes rose 7.6 percent with the average rent up 3.4 percent to $1,926*;Volume of townhome/condominium leases fell 8.6 percent with the average rent up 5.5 percent to $1,639*.

We're going through the same process right now and are inclined to create one LLC per property with a Corp as controlling entity.Even though some states do not require you to register the entity on that state (in Ohio is preferably but not mandatory for example), if you would to have any legal issues, you would need to be registered to conduct business in that state.

Ten percent may not be close to the correct percentage, but has anyone had success in finding a ratio/percentage that works for them and that they would typically go by before considering a property to purchase? 

Not knowing the specific property, this is a general analysis of the area.Alhambra ARMLS 2018 rentals2/1.5 rented this year .88 average per square foot.2/2 rented this year .97 average per square foot.= 85012,= 85013,= 85015,= 85017,= 85019,= 85021,= 85051,=85012,=85013,=85015,=85051,=85017,=85019,=85021Dwelling Type of Apartment Style/Flat, Gemini/Twin Home

. $10k+ per month... even $20k+per month.)

Houston Real Estate Highlights in August(* asterisk denotes that the “Harvey effect” has been removed): Single-family home sales rose 7.6 percent year-over-year, with 5,844 units sold*;Days on Market (DOM) for single-family homes declined slightly to 49 days;Total property sales jumped 36.8 percent, with 9,978 units sold;Total dollar volume increased 40.1 percent to $2.86 billion;The single-family home median price rose 3.0 percent to $236,870, reaching an August high;The single-family home average price also achieved an August record, rising 1.9 percent to $300,670;Single-family homes months of inventory was at a 4.1-months supply, down from 4.3 months last August and equal to the national level;Townhome/condominium sales rose 12.3 percent year-over-year, with 457 units sold in 2018 compared to 407 one year earlier*;Leases of single-family homes rose 7.6 percent with the average rent up 3.4 percent to $1,926*;Volume of townhome/condominium leases fell 8.6 percent with the average rent up 5.5 percent to $1,639*HAR https://www.har.com/content/newsroom?

I’d like to keep total cost no more than $75 per square foot. 

Some investors just think of interior costs per unit and the outside runs up their per door costs big time.

To set the stage, here are a few key points:Property:2 story townhouse2 bed / 2.5 bathMostly carpet18 month old (yep, its brand new)Situation:Nobody was hurt to my understandingTenant did not have rental insurance even though it was required in the lease per my property managerTenant admitted, in writing, they caused the fire.Kitchen fire that burned the kitchen completely and I have smoke damage throughout.