You will need to be on your toes at all timesYou will run into set backs (often)You will need to evict peopleYou will need to throw families onto the streetYou will make children homelessYou will have your house damagedYou will need to hire a team of highly skilled people to be your eyes and ears on the groundYou will pay a premium for services provided on your real estate portfolioYou will be harshly judged by those outside of the industryYou will need to make decision based on the best interest of your business and not your feelingsWorks out great for some.

I was considering setting up a call with MI until I found this during my research. 

@Sandeep Anand Legally and practically, your option set is limited at the 25-30K mark.

We are also newer to BP and working on our 1st duplex with the plan to set up long term retirement benefits, as we are in our late 40s. 

If you prepare a loan request as shown in that book, you will be set up for success!

Plug in half of the purchase price, set PRE to zero if non owner occupied; 100% if OO, and then hit submit.

I had a work colleague (CPA) set up the LLCs for free ($125 secretary of state fee) and had an IRA services company draft the operating agreement for $225 I think. 

Also, is the value of finding the houses, qualifying them and setting up appointments with the owners really worth something to investors, or is finding the properties fairly easy for most people? 

It is currently vacant but has been set up as a group home. 

We are about to close on a flip, and it's the first one that we set up as an LLC with S-corp tax.