My future father in law is most interested in ensuring his daughter's interests were I to do this as a business full time, and leave my day job, asking for 30% of the appreciation of the value of the business or 5% of the appreciation of the value of the business if I continue to be an investor in the business as a "secondary" job.

@Bosko Mijatovic Especially for a job like that you will want to pull permits, un-permitted additions absolutely destroy the value of a home in many circumstances not only do you lose the money you spent to do it but you can lose the cost to fix or revert the addition. 

I see people setting up LLCs left and right with just basic, short documents, so I wondered.  

It would cost $800 to 1,200 for a good paint job.  

I apologize if this is a pedestrian post, but im wondering if im analyzing this properly, should just wait to buy a better deal OR if i'm hesitant  and scared just being an out of state investor.For what it's worth, I am an active realtor in Los Angeles and i have a SFR and Duplex in Michigan that are performing very well. 

@Adrian Cooper, I'd make sure that leaving your current job is what you want. 

I have set up a Single member LLC for him, and am wondering if I should put him on payroll with his other employee(s), what would be the best thing to do as far as taxes and accounting go?

I have a lot of time to dedicate to this, only thing is that I live in Zurich Switzerland and was wondering how I should get started.

This is because I realize SFR investing can't realistically scale beyond 20 or so properties without become a full-time job and I'm not there yet.

Hey guys,I’m located in NYC, and I was wondering if anybody knows of a quality class/program that can teach me how to invest in real estate the right way.