As for ARV, check out comparable sales (comps) on sites like Zillow or Redfin, or talk to a local realtor for a better idea of what similar homes are selling for in the area.

I have been trying to find a rental in Austin and numbers are way off. Thinking of moving to nearby cities. What is your experience of this market as well as Temple.

They’re typically stable, cash flowing businesses that are straightforward and simple to understand.

But I guess, compared to a lot of new people, I take the stance of: those that are truly successful in whatever business they are teaching don't have time to teach.  

Doesn't mean its a necessity to have it formed here but it is a fairly straight-forward process. 

Pretty straightforward, but I have seen houses where the renovation work approached those limits and building departments asked for more information from contractors regarding costs.

I am not saying or comparing them to Norada, just saying that make sure you truly understand what it is you are investing in if you go this route. 

This separation allows you to manage risks more effectively, ensuring your personal credit isn’t impacted by the ups and downs of your real estate ventures.Building business credit is more straightforward than most people think.

We are in pre-development, and getting a clear picture of these initial soft costs has not been straightforward so I greatly appreciate the information.

It seems like it should be a fairly straightforward answer.