Surround yourself with great people, treat your investing like a business and always continue to learn.

What you treat REI like the Stock Market, you will lose. 

. — a startup focused on creating brain implants to treat neurological issues such as paralysis — has posted a job opening on its website for a “head of construction” in Austin.

He is an investor and there is no way he would sell it with any type of profit margin attached... that’s just not how investors think (not a bad thing, since you will be thinking the same way later when you sell it). most new construction doesn’t make sense from an equity or cash flow perspective - the benefit usually is in holding its value for the next 15 to 20 years and the avoidance of maintenance issues. 6% or 8% is very low for a state like Texas (or any other state with similar home prices) That would be good in CA of example of you are banking on appreciation. if you feel comfortable - you can go after a fixer duplex : where you build equity with renovations and potentially get your capital back by refinancing afterwards (brrrr ) A cosmetic fixer (paint - kitchen- bathroom remodel) would be good for a beginner. you could also explore purchasing as a primary home: that way you only put down 4% to 5% (downpayment ) If the “intent” is for you to live in it, you could do that and if life changes in the future after 6 months - you could simply rent both out (since your wife does not want to house hack) Some of my clients also fenced the middle of the lot (assuming the units are detached ) and then you would mot be privacy issues but just treat the tenants as neighbors (never let them know you are the owner ) you are always the a manager collecting rents. :) 

Can they be treated like any other tenant in that if they violate the lease agreement they can be evicted (assuming not due to a COVID-related hardship)?

.- I also have done as one poster above said;  Price to be determined  by an appraisal or an agents BPO/CMA or at minimum $NNN price which ever is larger.Except for Texas which I don;t recommend lease options unless you study under John Jackson, there are no state regs on the lease option scenario.The bottom line on LO and its scenarios is:- treat the buyer (and seller) well. 

Unless you elect to treat the LLCs as corporations for tax purposes (C or S) they are treated as disregarded entities for tax purposes (which means the management relationship would also be disregarded for tax purposes) so in effect the tax consequences would be no different than holding the properties directly in your own name. 

The way we do it is to treat each unit separately since they are rented out individually; input the number of bd/ba for each unit on their own.  

@Deneuve B.Hussle and treat it like a 9-5 5 day a week full time job to get buyer and seller leads.

@Esteban JimenezI go through seasons where I try to treat it more like a social network and replace my social media time with more time on BP because it does have some resemblance of productivity.