Fun discussion!

Modest flip, basis 120k, 20k reno, ARV 180+, not exactly 70%, but a fun project near both our personal houses.So I guess in this case we couldn't form an LLC to hold title because then I'd assume 50% ownership in a property with no skin in the game...other than paying for inspections, etc.

Sounds like a fun and cheaper alternative. ewe_sneeze is his IG handle for his renovations...He is a real nice guy if you want to message him, im sure he would let you know his process or at least direct you to the YouTube page he learned it from :)Good luck!

This is why a commercial development and investing is so fun.

@Marshall Downs thats awesome sounds like it was a fun project.

Since you don't want to get your real estate license, working for a property management company is an ok hybrid, but not what I would call fun.

Have fun!

Hey @Juan Acevedo First off i do not confuse fact with opinion, If you have a good system and are good at your craft you can definatly make money in los angeles flipping and or wholesaling, never be afraid of competition you should embrace that and create a system to be part of that competition thats what makes this all so fun, not everyone can do it, me personally i love the La market as soon as i get a house completed i have multiple offers in the first couple weeks and i can care less about the competition, i focus on my structure that works for me, If you can make it in La you will find many other areas easy, I'm not far from you if you like you can come visit one of my flips and gain a little experience, i have a couple SFR's i purchased in the La area I'm almost complete with the rehab, good luck to you.

I love the quaintness of this city and the surrounding areas have fun activities for families. 

It was not fast, not easy, not fun (at all), and required significant capital.