Personally, I've been in this niche since 2007.

I called and emailed Nomad daily and could not reach a live person, even in an emergency.

Additionally, an LLC can make it easier to separate personal and business finances, simplifying tax filings.Quick Tip: Work with a tax advisor to determine whether an LLC is the right structure for your investments.4.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

To flip right is about a lot more than just renovating and *pow* $-rains down on a person.

Do you have other collateral, such as another income property or your personal residence (last resort) your seller could record their lien against? 

I have personally invested in both turn-key and value-added properties. 

Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

I personally find that half the battle is just getting myself to write down & track progress

You are still personally guaranteeing the loan.And you did the right thing by putting the assets into an entity, especially if there is equity.