@Michael Keffer I've lived in Beaufort for 12 years and currently half owner of an STR here and my business partner owns a second, both self managed.

Just created the business page.

Holding your single family in an LLC can indeed be ideal for tax purposes since businesses often qualify for more deductions than individuals.

For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker18 years in the business, and I understand it perfectly.

Do you have a business and a website?  

Ask them how long they've been in the business.

Look into who started this company and its business template. 

You can prepare yourself for that by having another inspection conducted 10 months in then bringing that to the builder to see if they can fix anything outstanding for you, before the warranty is up (if applicable).In summary, buying a new build means you have to arm yourself with information so that you know what you are getting into.

Lots of syndicators got into the business in 2018 and 2019 and simply got lucky when cap rates dropped from 7% to 4%. 

I am a small business landlord.I am in the process of building and ADU in the backyard.