I'm working on reaching a stronger equity position before I refi so what you said totally hits home.

I am interested in buying and flipping to start off but as I become financially stronger I'd like to rehab and hold - specifically larger multi-family units. 

If you read far enough down, even he lightened up on his phrasing (same opinion...which is fine by me), and almost apologized for the way he said it and for maybe coming on stronger than he meant...and yet, the blasting continues with volume much louder than his original.Lighten up people. 

Back in the good ole days,  2008-2009, I purchased every Hud property that I put an offer on for under 50%...Fast forward..Lot more competition and stronger market...GL

There is no doubt that a multi-member LLC is stronger, though, because it is that much more difficult to prove that your LLC is just an alter ego of yourself if you don't wholly own it.

There is no assignment here.Now on a lease option assignment, not a sandwich, where you lease option from seller and assign to TBer, you need to understand the TBer needs to get a mortgage, and it is stronger for the TBer to NOT HAVE AN ASSIGNED OPTION, but to have to the TBer a DIRECT OPTION from the seller.So what I do is have my original option recorded, and have both the seller and TBer sign an option release fee document, and TBer pays me an option release fee.In return, a new option and lease is created in the name of the Seller and TBer.Hope that helps.

In terms of what I think it needs to rent stronger would be, new interior doors, facelift the kitchens, appliances are good and new interior paint.

Get a mentor to help you and always Check with an attorney to assure you are in total compliance.I build new for rental primarily for the following reason: 1) I am a builder and have the KSAO's (knowledge, Skills, Abilities, and Other) means necessary to efficiently and effectively build; 2) I buy all my land substantially below market value (usually off-market); 3) any land I buy at market has an immediate value-add component that can quickly make it worth more that what I paid for it; and 4) Cap Ex is generally MUCH less for new construction which means a stronger cash flow up front, but you are always going to need to maintain a suitable Cap Ex account if you are truly going to hold for more than I'd say 7-10 years.... but everybody has their separate opinions and thought process concerning what the "right" amount to designate to Cap Ex is proper..... 

A cash offer is stronger than a loan contingency offer.  

I am a medical assistant and make decent money and have great benefits but would love to improve my cash flow and create strong equity as I have little to none at the momentI am currently looking at a few multi family homes but in the issue of figuring out how to finance it as I dont have the substantial down that most are looking for and my credit score is not great (but i am working on that and should be much stronger within the year)cant wait to chat with you guys!