You have to know what a Lot in that area is selling for and add on the cost of NEW Construction in that square footage to really know anything.

HCL=high cost of living areaLCL=Low cost of living area 

The intent is to cut down on the cost of applying for rentals, particularly for renters that have to apply more than once in a competitive market.Do you support this?

How to transfer my property from my name to the LLC legally for max protection and minimum cost??

The Program utilizes forgivable loans called "Deferred Payment Loans," which require no monthly payments to subsidize the required costs of rehabilitation.

Make them based on what your tenants need (not want) which would also allow for them to customize (furniture use) to their tastes.I wrote a book on this a number of years ago that touches on a lot of these things, but it was focused on my specialty, "Energy Efficient, cost effective homes". 

If it a smaller town and smaller title company may be the reason.

It doesn't cost anything to attend RE meeting, introduce yourself and get contact of people who invest in properties.

I love that you rented two of your bedrooms as mid term and short term rentals and made enough to pay for the mortgage and now you are going to use the rental income to show you can qualify for another property.This is an excellent strategy and one more people should consider doing in this inflationary environment to offset the biggest cost in their budget--housing.As you rightly point out, you can use this strategy with every house you buy accumulating a portfolio of houses that you originally started out living in as a primary residence every two years.Well done and more people should consider doing the same, or rent their garage, or shed, or a boat, or an extra car.Love it!

With $50,000, I could cover the down payment and some renovation costs.2.