Purchase price: $38,000 Cash invested: $48,000 Single family, Home in an older established neighborhood needing complete updating.

Established neighborhoods often come with more mature landscaping and amenities.

I like to establish trust and a willingness to work with my new tenants.

3 Steps To Take Immediate Action:1) Set small, short-term goals (establishing a one-year, three-year, five-year goal has helped me tremendously)2) Seek help from people smarter than you (I am never shy to ask questions, even the stupidest ones)3) You grow through what you go through (We will make mistakes along the way and that is ultimately what will help us become better investors)

Find more in older establishment neighborhood.

It’s only through investment of capital for marketing, software systems, lead generation, call centers, attorney drawn contracts, title searches, etc. can someone establish a VIABLE business.  

I am looking at establishing a new single-member LLC.

This process is characterized by its more stringent requirements.Conversely, the second procedure, as established by G.S. 105-375, involves an in rem approach.

Also, building strong relationships with your investors and maintaining open communication is key to establishing trust.Your deal structure looks promising, and with your background, I'm sure you'll do well in this new venture.

We'll see.if you live in the main unit while the ADUs are built, then when AND IF the condos are established, you could presumably sell the main unit right away and claim the "2 in 5" tax writeoff.