Each of these are separate municipalities despite all being within ~15 miles of each other and have their own (tiny) population figures that would skew the OP's basic formula.

@Greg - Main reason is to keep my business expenses separate and for protection against valid and frivolous lawsuits.

Besides all this, LLC is not the best way to go if you are just starting with a small or no portfolio to protect, especially in CA where it will cost you $800/yr CA state franchise tax, separate tax returns, and setup fees ... you can just get a $1M or $2M umbrella insurance policy under your name and the properties for some protection ... much less cumbersome and expensive.

For example, landlords have in the past tried to avoid setting up separate escrow accounts by placing language into the lease - PA state law says that won't fly.

So far, I have put in offers on 2 separate houses, and lost both of them to other bidders.

Insurance will likely change so listing them separately although it may be escrow allows you to see increases/decreases ( +/- ) over a period of time.

Then run a new and separate offering on the next project, rinse and repeat until you've built some track record...

[drywall]), insulation (more bat in the cavity but not too much where you mess up the 3rd factor , decoupling: resilient channels and double stud walls are for this, The 4th item is sealing openings and penetrationsThere a lot of different levels and it comes down to is this going to be a separate unit or just a finished basement.

Hey @Ben Roberts, when i used to Wholesale in NZ we had separate documents for nominating the mew purchased / assign the contract to the Assignee. that's why some contract have And or Assignee. having a deal you want to assign on the MLS sounds like potential pain.

These are easy to separate out for tax treatment.