It seems like a good balance of rental homes (steady cash flow) and side projects like home flips and wholesale (one time cash flows) would be a decent way to earn supplemental income.Well glad to be apart of the site now and hope to learn a lot and one day earn a coveted spot being interviewed by Brandon and Josh on the pod cast!

However, the property itself is 840sqft but it is on the edge of an attached .92 acre of land. 

I actually cut my insurance cost down by almost $900 a year by bundling them all together, however my bill runs around 15K a year for all that.   

If interest rates go up to much above 6% they really start cutting into your cash flow on investment properties so the more mortgages that you can lock in now the better.

An LLC will not cut it.

I would not use as a basis to invest but as simply supplemental information to selecting areas of predicted growth.

Many have a kitchen down there, too.Concrete walls can be cut to allow larger windows.  

If you are new to notes, its better to cut your teeth on 1 or 2, then work up to pools, as you could get seriously burned buying junk.

For a small real estate investor, buying property in the trailing edge of progress makes no sense. 

For the investors buying properties, I also have most of them sign a Buyer's Representative Agreement so we have a clear cut understanding of terms and how either side can terminate the agreement.