Since you have already closed, your 2 options are to 1) move into one of the units and figure out you career later or 2) Put the house back on the market.

I figured it meant I couldn't address multiple users in one message.Thanks for your help!

There is no real solution and each contractor is different but this way works best with our guy since he is so unorganized and bad with money we give him to get parts and labor figured out with his workers.

Buying the LLC is not necessary protection against this happening as the county is aware of the practice and can / does dig a bit deeper to figure out if there was a sale event.I also noted that in the marketing, it stated that of the 100K spent on the property, 50K was the roof.

These podcasts are outstanding, so I figured the site must be worth checking out, too.

I'd say that 25% is the prevailing number you should be thinking about but it won't take 5-10 calls to regional banks, credit unions, etc. to figure it out. 

You can find what reasonable rents are for the property and then compare it to the market's cap rate to figure out a good estimate. 

I feel good because I have great cash flow.”11.Have you ever done a review of your assets - liabilities to figure out your net worth?

I had the luxury of having another person figure it out initially and then show me.

Start there....figure ARV...subtract rehab cost estimate...then determine your offer.