After doing over 3,000 doors as a team, there are so many things that need to be taken into consideration to ensure project success.  

i do shorter amms because i want them paid off, and keep the cash flow, its one thing if you want 100+ properties, but 15- 20 paid for ones gives me an easy 6 figure income forever, and ever, and my kids lives and their kids lives if managed properly. pay alittle more now for the flexibility, and get them paid off, so what if you have to re-up in 3-5 years, interest rates wont be 10% then, and if they are inflation will drive your rents to cover it anyway, inflation is great in real estate, it means your property will be worth more,  but the purchase price was pre inflation.

Make sure whomever you're hiring follows proper safety practices, has a safety plan, proper tools, PPE (personal protection equipment), etc......especially on a demo job.  

You may lose an entity to litigation as well any property it holds, but the other entities are not involved if your structure is done properly.

There ARE so many right answers to your question.I feel that you can find profitable flips in any almost any area with proper marketing, due diligence, and proper project management.  

The area you should consider speaking with an attorney is regarding the purchase of the home and ensuring title is accurately placed within the LLC.

Hi @Kevin Darrell, yes we back up everything we do with a 100% guarantee to ensure that our clients know we are accountable to them during every step of the process.

Business wise the smart move is to get a permit and build a proper separate unit in the basement.

If the business entity taking out the loan is properly set up (no humans anywhere in the ownership chain), the acquiring entity's credit alone may be enough to put the deal together if the entity has a strong enough credit profile and financial statement, and sufficient cash is available to balance the lender's maximum LTV against the purchase price.Just a starting point ...

With a great market they start getting more competitive with creative financing options for your first investment property much like the prior advice things like lower down payments are an option.Find the absolute worst dog of a home in a decent enough neighborhood (ensure it doesn't need to be condemned and no structural, meth, or mold issues that will supersede the overall benefits of it and flip it for a quick chunk of change).