I will also be needing an agent soon to help me find the right property to start out with.

I'm leaving out deductions for closing costs, maintenance, repairs etc.Say I buy a house for $300k, land value is $100k.

It's a term made up by Pace Morby to do escrows/act as a real estate agent and to circumvent any existing escrow agent fiduciary and legal requirements in closing Subject To Transactions.

You don't need an attorney but do need a registered agent (there are several companies that act as registered agents for different LLCs).

Started work with a family member who did not complete itHired new contractor (Norman Downer) Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Still, with 20% down, you're looking at $5500/mo in total payment (not including any other upkeep expensese), and median LTR rents around there are probably $5500-$6000, so that's close but still very tight.And of course, putting down more money will increase your chances of cash-flowing.

I invested long before I became an agent here. 

Wildfire risk is also nearly non-existent close to the coast, and haven't yet heard of hurricanes or tornadoes, but you will notice a tsunami sign or two..Electricity, water and general operating costs are surprisingly 'affordable.'

I am a new real estate agent and I'm not very familiar with land.

Deal like this need at least 25 to 30% plus closing costs.