If you plan to expand your portfolio, starting with a 4-plex might provide a stronger foundation for future investments.It's also worth consulting with a local real estate agent or financial advisor who specializes in investment properties to get personalized advice based on your financial situation and market conditions.Best of luck with your investment!

Whether it’s worth it depends on your personal goals and financial situation.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

But I'm okay paying something (within reason) for an experienced partner who knows what to build for resale in this price range and will manage the entire process

Are there large trees between the house and where the sewer hits the street?

.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.

Personally, I would have the tenant direct deposit the funds straight into your bank account so neither of you are paying fees.I recommend two accounts: checking and savings.

There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

That could be considered personal property and belong to the previous owner.

Personally, I don't have any issue investing or managing over there.