I started with “Millionaire Real Estate Investor” for the mindset stuff, then I used the free BP deal analysis videos because I kept messing up my assumptions.

The most common exemption is Reg D rule 506(b) or 506(c).All this is to say, create the LLC and follow the rules of the exemption, which dictate how you can market for investors and what investors you can admit.  

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Check the mailing address on the tax recordIf the tax bill is being mailed to a different person or to “c/o [name]”, that’s often the heir or the executor.Sometimes you’ll see an attorney’s office listed, that’s a big hint it’s probate or tied up in an estate.4.

Right now I'm reading books, watching BP videos and doing my due diligence.  

Wholesaling is a common entry point for new investors.First understand, the guys on You Tube that are popular, state in their YouTube videos that they spend between $25,000 and $50,000 a MONTH to get the numbers they are talking about.

@Ben CaponeHey Ben, since you’re already experienced in rentals, the Midwest can be a great place to buy undervalued properties with solid cash flow and upside, you can focus on B and C grade neighborhoods that often offer strong returns, plus there are off-market deals you won’t see online, the key is building a local team and contractor network to make managing and rehabbing much easier, it’s a lower-cost market with opportunity to flip or hold for steady long-term growth

We go with numbers only, not analyzing why they are what they are.Scenario A: no S-corp; just a sole proprietorship or a single-member LLC; everything goes through Schedule C.- Income tax: $42k- SE tax: $28k- Total: $70kScenario B: S-corp, $100k salary.- Income tax: $42k- FICA instead of SE tax: $15k- Total: $57kDid we save money?

I’m gonna start filming the entire process of me building this duplex in downtown Raleigh and will start posting videos for anybody who is interested in seeing the entire process.

Hello Melissa,If you haven't already done so, invest in professional photos/videos.