Thought this might also benefit you.1st pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.2nd pillar is a good insurance policy as that cover the majority of your exposure.

Kind of surprised you made it to the inspection step, but some things are hard to see with an untrained eye. 

This process is a bit overwhelming and I don't want to get stuck on this step. 

Very excited to step into the role of landlord.Brenda

CorrectYou probably could do away with step 4, but I guess since you're virtually wholesaling, you would actually need at least someone to get eyes on the property.

i mean step by step (architectural planning / permits etc...) just bought a duplex in STL in i'm looking to convert it into a single home and sell it. it's my first conversion and i'd like to minimize mistakes.. thanks!

I wanted to know what is the next step.

Just SEO.Here is the thing brother... step up or be conquered by someone that did step up!

I would try to get permitting for 2-4 units if possible.2) New construction would run you about $165 sq/ft  in the area.Im looking at a new construction project for a 1300 sq ft sfh near 66th/westernif you need to tear down the existing structure may be more. 3) first steps is get architecture drawings, understand the utilities needed, then permitting.  

Again, you'll find a property, but make sure you are networking with actual owner operators in this asset class across different neighborhoods to learn the due diligence steps and pros/cons of operating different unit mixes in different areas, and to learn other lessons "from the trenches".