I would have them post a performance and payment bond for the build (so you have recourse if it goes belly-up) and have them name as you additional insured on their insurance policy.Don’t forget to check the utility infrastructure to the site.

@Stephen KunenProviding substantial services to your hosts provide suggestions that you should report it as schedule C as opposed to schedule E.Substantial services include but not limited toConcierge, meals, housekeeping, cleaning, entertainment etc.A pro of reporting it on schedule C is that losses are deductible and not subject to passive activity rulesA con is that income will also be subject to self-employment taxes in addition to income taxes.

If he sees issues that require further expertise such as foundation issues he notes it and recommends you have additional inspections.  

An integrated approach may work if you're a large wholesaler and have built lots of systems to run everything in parallel but as a beginner it's a common mistake to try to do too may things at once rather than getting good at one thing that gets you solid leads.

(At least in Illinois, laws can vary by state)Sounds like they are trying to get you to sign a buyer agreement which is not a very common practice today, some agents still do this but not all. 

Bought side by side duplexes in Everett in late 2013.Saved just a little more with the addition of the duplexes cashflow and having a freshly proven model and sharp looking BP analysis tools, pitched and bought a fourplex with a partner in early 2014 (25% down and Have since bought the partner out).With 8 units, cashflow Snowball began to grow and saved, saved and saved.

Additional roommates would need to go through the screening process we use for every applicant. 

I believe the Subject may be miss leading, I am paying alot of property taxes on 5 attached town houses that share a common single roof. 

Since I’m not opening a LLC or anything like that it just goes on an additional document along with my individual tax forms.

It's almost a wash, and the additional cash flow from paying off the mortgages is exact and unwavering, whereas the cash flow from my building was not, so that kind of stabilizes my income a little bit as I go into  retirement.