I'm in my pic, I live up there, you just can't see me seperating the clouds to let the light shine through!

I really like commercial properties, and there are a few good deals in town that could get me a nice workshop with room for all of my tools, extra things for the rental properties, and now possibly keep some landscaping options.

One thing to consider, especially on your first purchase is any repairs that are needed on the unit in light of what an insurance company might think.

This includes, but is not limited to: - painting - affixing wallpaper; - changing bathroom or kitchen fixtures; - installation of electrical outlets, computer network cabling; cabling for television service; installation of a satellite dish for internet or television service; - changing of light fixtures;3.Tenants must not crack fill or fill any holes during their tenancy.

I'm in Chicago and am going to replace all the outlets, switches, covers and light fixtures in a rental propery I'm remodeling.

It's been on the market since late March/Early may, and we fixed a number of items outside, had some landscaping done, and installed beautiful granite countertops after repairing a broken cabinet. 

We got this house for the low-20s and a similar house is currently listed in the low-80s.Flippers are taxed like any other inventory-carrying business, so really we're not that different from, say, a used car lot that does light work on the vehicles.

Similarly with roofing, grading/excavating, landscaping and other exterior work that can be more complicated during the winter in cold climates.

So especially in light of the taxicab case and our poorly written law, I would still consider clumping low equity units together in one LLC with good liability insurance, then establishing separate LLCs for high equity and high dollar units.

You can setup categories, create users with different permissions, etc.When you start a flip you 1: setup a new account 2: create categories (ie, kitchen, bath, plumbing, landscaping, etc, etc) 3: as you make purchases take pictures of the receipts via the phone app and choose the category 4: via the web browser (computer) portal you the administrator can go through and verify all the incoming receipts 5: then you can create reports showing who's spending how much on what very easily”