So take those comments with a grain of salt, as well of course she is going to deliver the exact same message she delivers on virtually everyone of her posts.

I'm not big on the various BP "rules", but this sort of house in this sort of neighborhood strikes me as a virtually certain candidate for 50% of gross going to expenses.  

Things like raised beds also take a few seasons to amortize out.If three acres is the minimum, can you set up an LLC for the land, then sell, say, 25% shares as a virtual subdivision, with the co-owners being "tenants in common?"

For that price you could have all the furniture and appliances that are still in the house.

They initially ordered a drive-by appraisal which got virtually everything wrong - sq footage, number of rooms, number of bathrooms, number of bedrooms, etc...  

As mentioned, staging does sell houses and if you're going to be doing more of them, investing in some furniture and accessories OR having it staged really does help and that's something I personally learned the hard way!

They also have virtual assistants that you can hire there.  

We know that the most successful real estate investors we work with are in fact licensed, so it's a plus not a minus, but just make sure you understand the rules and kind of put a virtual wall between your "RE investing" and your "RE agent" activities.Have a different name for your RE investing business.  

In Illinois this could wipe away virtually all of your profits.There are many options - LLC, LLP, S-Corp, C-Corp, Land Trusts, basic partnerships, etc... 

@Ben Leybovich I've met @Joshua Dorkin and virtually met @Brandon Turner , as well as checked out his impressive work on the blog/podcast/videos.