That way you can make a quick trip to the property whenever needed and spend no more than 4-5 hours traveling back and forth on a single day.For Bay Area Investors, that basically leaves you with Sacramento and Stockton for driving distance (there are other options, but that's where you'll generally see the best returns) and either Las Vegas or Phoenix Metro for flying (less than 2 hours).Wherever you decide to invest, here's the two main things you're going to need:1) Knowledge of the Market: Just google "(name of area) real estate" and read every single news article on it from the last 3 years.

The purpose of my trip is actually two-fold - I will be spending 2 days purely for leisure doing some sightseeing and I will have 3 days with property visits and meetings.

Inner city isn't affected by fluctuations like suburbs are because they receive more assistance so they are more stable investments even though 99% of people on BP are going to disagree only because of demographics.

That said, I agree with the others that the LLC name isn’t really something to spend too much time on.

Abstract fees (abstract of title fees).Charges for installing utility services.Legal fees (including title search and preparationof the sales contract and deed).Recording fees.Surveys.Transfer taxes.Owner's title insurance.Any amounts the seller owes that you agree to pay, such as back taxes or interest,recording or mortgage fees,charges for improvements or repairs,and sales commissions.Settlement costs do not include amounts placed in escrow for the future payment of items such as taxes and insurance.3) if there were other costs incurred to acquire the house such as if you spend money for tax advice, tickets to fly to look at the house( or milage)  and such also gets added to the basisGood luck

Account Closed if you still need any assistance feel free to reach out.

Just keep your head down and spend the next 3-6 months learning and networking and before you know it you'll be ready to move on your first deal and have the knowledge and confidence to know you're making the right decision.

Let me know if I can be of assistance in any way and welcome to Michigan investing!

Spend some of your free time in the market that you are interested and get to know it a bit.   

You spend just as much time on these low end as high end with greater cash flow.