I come across and have bought several early 1900's homes which typically have plaster walls - sometimes not in great shape. 

The premium for a LL policy is typically lower since it doesn't cover personal property.Always require tenants to show proof of renters insurance, this protects you as well.

As a local investor and full time agent I can definitely help by being boots on the ground for your out of state investments and recommend contacts for your new construction projects.

I was always advised by counsel (in California) to hold my Construction companies in an S Corp and my properties in an LLC.

@Matt LopezNot an economist but smaller banks will be in a lot of trouble, banks will also tighten lending standards making it harder for people and businesses to get loans which typically leads to higher unemployment due to cash flow issuesThis will then lead to softening in housing.

Typically, you should try to be all-in on a property for 70% of the ARV (After repair value).

My wife and I are occasional flippers with 4 under our belt and we typically use a heloc on our primary to secure hard money and pay for rehabs.I own a plumbing company I’m just getting off the ground and know the money will be there eventually but could be a while.My mother in law lives in CA (I live in oregon) and they have a few rentals plus their primary that they have 1million plus in equity in.

You are correctThe land price should be the land price and the construction cost plus a fee.So if the land is $100k and construction costs is $300k and he gets 20% fee. the 20% is on the $300k not $400kAlso - I will be blunt so do not take it personally - doing cost plus is INSANE.

Partly of 2023 we had to do construction, so this is not the total income but it's a big part of it.

Hello Teck,The numbers could potentially work depending largely on your expenses to demolish and construct.