And it's a simple process to request to do business in your State as an Out-of-State business.I would also suggest you pick up a copy of Garrett's book: "How to Use LLC's and LP's" - it's awesome and breaks everything down for you.

It is simple and easy to begin the eviction process, and you can always stop it if tenant pays rent or moves out.

I've had it listed for rent for a couple of days now on a few rental sites, social media, etc, but have yet to have anyone come and look at it or inquire about it.

This is way more complicated than a simple residential lease.

Rehab holdback of $42,500.Loan Term: 12-month interest-only balloon note.Payments: Interest-only monthly in arrears with balloon paymentat maturity.Interest Rate: 9.99% fixed interest rateCollateral: A first priority lien on Borrower’s fee simple interestin the Property and the improvements thereontogether with any personal property owned byBorrowers related to PropertyPrepayment Penalty: noneLoan Fees: The following fees shall be due: (1) 3.00 points, pluscustomary underwriting, processing, legal,administrative and site inspection fees to (**) at closingof the loan; (2) $50 application fee due upon signing ofthe term sheet.

I found a mistake my cpa made last year related to REI (it was a simple one but it happens) This year I found a tax break I’m pretty sure I can use in the future that I would guarantee you he hasn’t heard of.  

SFRs in the suburbs are for growing families who want to be in certain school districts--these properties will have high property taxes and be at the more expensive end of the spectrum, but you can find fixer uppers and sell them at a good price after rehab if you are patient and look deep--try auction sites like Auction.com, Williams & Williams, Xome, Hubzu.

That simple you think or have you found a different approach works better? 

This iss great site to learn and exchange ideas.  

It's very simple to make a spreadsheet that sounds great, realistically much harder. 5 single families are much more expensive, time consuming, and a hassle to deal with versus 1-2 properties that have 5 units total.