It typically involves the following steps:1.Seller Deliverables.

There are no real estate agents involved. 

I recommend at least 3 different states and 2-3 countries need to be involved if you want true anonymity and protection. :).

Uri Gofman, weren't you and Alexander "Alec" Vinokur from Realty Now all involved in an indictment for mortgage fraud?   

The successful ones invest a lot of time and money into building connections with off-market sellers and crafting compelling deals for them.In addition, one of the best things any flipper or investor can do is to develop their own off-market seller marketing strategies.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Also debating HELOC (more involved but better rate) vs Asset backed LOC (easier but not as attractive rate).

Although I would like to try to do it myself, crafting effective operating agreements is outside my comfort zone.

@Manthan Patel Whether to use a property management company is truly a personal decision, so it comes down to you and how much you value your time, how much you want to be involved, etc.

This could involve a right of first refusal for the other party, buyout terms, and a method for determining the sale price.Rental and Use: Define the rules for renting out the property or parts of it, including how income and expenses will be divided.