Eric Phillips as long as you lived in the residence for two of the last five years, you could be eligible for the section 121 exclusion, which means you can exclude up to 250k capital gains tax if single and up to 500k if married filing jointly.

You can you a small section of gutter or bend some aluminum.

As an example for your "demolition" section, I'd figure out how much square feet (SF) of wall needs to be removed and show it on your sheet as $/SF.That way when you're done with the project you can go back to your original estimate and enter in the ACTUAL costs and compare to your estimate. 

Instead of explaining a lot to confuse them, just get a custom printed rubber stamp (with your LLCs full legal name) and ask them to use that in the payable section of the check, instead of your name. 

A great resource is the webinars section of the website. https://www.biggerpockets.com/proreplay

If you care more about cash flow, go out of state and look for class C or even section 8

So find neighborhoods that fit your profile and meet the statistics you want and hit every single one via EDDM.When you send out your mailings, either provide something of value for their response code - like "Mention CP2202 to get a free home valuation" or put a small number in the corner of your mailing.

Do not cut any corners to make something look good on paper.  

Also, Hammond is large and just like any large town, there are good sections and bad sections.

Do not cut corners to make something look better on paper.