Every month we send owners tens of thousands of income off rental properties that they often have very little involvement in while they enjoy the income and easy life.

I want to turn this house into a 3 bedroom by adding a closet to the Office Room and adding a shower to the 1/2 bath next to it.It is my first time being involved in a renovation, so before I make any offers, I would like to get some thoughts on the following:- Any permits needed to add a closet?

Hi BPI have heard that in some states, an attorney has to be involved in the wholesaling process.

(since you don't own the land or the business)2)  How actively involved are you with the day-to-day Business operations?

I know South Carolina has heavy court involvement in the disposition of property within an estate, precluding much liberty a PR might otherwise have.

Good luck - get involved here in the BP forums - you'll learn everything you really need to learn about real estate on here!! 

You may have your choice made for you. let me give you an example: In Chicago, there's no trenchless digging that involves a street.

My business model doesn't involve smaller reno, but I'll do a $1M+ project.

If you can't, maybe your shouldn't be investing.When investing with a LLC, the generally accepted method when it comes down to it is to treat like a legal entity and not involve your personal name.

This usually involves driving around the area I am interested in, at different times of the year and times of day, to get a sense of what kind of neighborhoods they are, flooding, seasonal access/closings, etc.