OR you can decide to pick and choose what you would like to be involved with your project.

I use 10% until I have the property inspected to determine the current condition of all major components and appliances.  

This will help you determine the exact amount of equity after all lender and legal fees taken into account. after you get the payoff letter, find out repair costs and ARV.

For instance, they are underwater or the home value is too high.You can look at the demographics of specific "carrier routes" (CRRT) within a zip code to pick the ones that have the highest rate of homeownership and desirable average price range.

Pick a month and go late on your rent to see how they handle the late notice and auction process.

Account Closed Pick a higher paying major (engineering, accounting, finance), pick a niche then pick a sub-niche, learn everything about that sub-niche, network like crazy - by attending your local REIA and other investor meetings and keep marketing yourself.

Once you determine your WHY, you can create your goals and from your goals create your investing criteria.

I think you'll Hain a lot from that and other books here on bigger pockets. the metrics you use for analysing a deal are determined by what your goals are do you want to hit a certain dollar amount of cash flow per door?

I am trying to determine if I need a separate LLC to lease the in-law suite from myself to then rent out through aribnb.  

Henry Chi if you are going I’d like to pick your head.