As it is, we have the toaster and coffee maker on the dining room windowsill where there is a 2-prong outlet not on circuit 6; however, when I was blow drying my hair in the bathroom it tripped the circuit because the coffee maker in the dining room was also on and it's on same circuit as the outlet in bathroom (I have now switched to using a different outlet in the bathroom on circuit 10 to avoid this problem).

As far as doing a wrap-around mortgage, the transaction becomes more complicated and also, it might trigger the "Due-on-Sale" clause the seller has on their mortgage.

On the buyer side, my advice would be to have one or two really strong investors ready to pull the trigger on short notice, so that when you find something in distress, you have ability to place it quickly, often while earning the entire commission with no split.  

Rental income only triggers SE Taxes if you're a real estate professional.

@Ralph Dicharry, @Robert Leonard, i tend to agree with both of you guys approach to getting clearance for proper flood elevation and requirements, FEMA guidelines can be daunting sometimes because of the updates, some areas might not have the data necessary at the time, a good trusted realtor can fill in where data is not available, we try not to buy or acquire in flood mandated areas, the problem with the scenario we are facing since the recent flooding are areas that have never flooded before now require some due diligence before buying, good luck and much succes in your endeavors, if the #'s work for you then pull the trigger, do you work with any realtors?......

Then you use a hair dryer to shrink the plastic down to get all the wrinkles out.

., yet I have never pulled the real estate invest trigger.

We are up to the market analysis step right now and hope to be ready to pull the trigger soon.

Just something that triggered my thinking. 

My wife and I owe nothing on our home and her hair salon next to our house, would it be smart to have those properties underneath our LLC or should I leave it under our own names?