No firsthand experience, but every time I've seen this question come up the responses indicate that for a few small units LLC will not protect you better than simply adding an umbrella policy to your insurance while being more complicated and expensive to maintain.Also many snags to consider such as banks not likely to finance residential property to the name of an LLC, transferring to an LLC later can trigger a due on sale clause in your mortgage, if you mix personal funds and LLC funds to pay for something you can negate all legal protections.

Hello BP members...I recently came across Fundrise through an ad on FB and was wondering if anyone in the BP community has had any recent experience with them?

Definitely something worth looking into.

That would be another 5% ($475).Adding that in it looks like some good numbers.If you jack expenses up to 50% of income (rule of thumb) it still looks like it is still throwing off $800 a month.  

We recently added a dog to our family.

It breaks even and provides minimal net income, which is not worth it in this town. 

Where can I learn other strategies to do other types of flips by adding units to a current property.  

Lots of CL ads everyday.

Up date one side by adding additional bed and bath (the other has already had this done and is in excellent condition)ARV: 475-500KMonthly income: $3200Monthly expenses: $2283 (mortgage, fixed and variable expenses, future assumptions) see below-monthly P & I: $1622- fixed expenses: $340/month (water/sewer, insurance, property taxes)- variable expenses: 2% vacancy ($64/month) , 5% repairs & maintenance ($160/month),  cap exp 3% (96$/month): No property management since we do this ourselves for our rentals.- future assumptions: 2% annual income growth, 5% PV growth, 2% expenses growth, 6% sale expensesBigger pockets tool sheet with above data:Cash flow: $916/monthCash on Cash ROI: 6.65%-7.57% depending on rehab costsPurchase cap rate: 7.15%I know this does not meet the 2% or 50% rule but it seems like a good investment for the area.  

The house is worth 65 - 70.