If the deals were so good then why would they need to sell why not raise money in a fund… @Chris I think there was no real intention to conduct business in an ethical manner, Jason Walsh rather laid the foundation to use RE to produce a pretty large Ponzi scheme and I think we all know how those end. 

Maybe that is one of your interview questions.If you are very top producer there can be some advantages, like employing your kids, SEPs or retirement plans and maybe if you have a big team some shield of liability if you set it up right and practice what your attorney teaches you to do to keep everything separate.

My job is to make repairs and get the place lease optioned so it is producing income to cover the interest payments I need to make to the lender.

@Jaron Walling What's the best way of knowning/calculating whether the renovations made will produce a positive cash flow after moving out?

Our livelihood depends on the volume of deals that we produce so existing deals where most of our capital is tied up are priority.

I read everything on Carroll's website and scoured the web for all the cost information, etc. but I haven't been able to find anyone who's actually built with it.  

There's several cities not discussed on here that I am investing in and I see other large individuals invest in that do not fit the cash flow $500/mo in the philosophy, but I'd take over almost any area that's producing legit cash flow.

I believe they also used section 121 for the house portion of the farm that they lived in, and divided out the income-producing part of the farm for the 1031.

===========================================================Meh, just how is advertising that you teach creative financing one-on-one (see your web site name) NOT in the "nature" of styling yourself as a "guru"?

So far I've done things like make my LLC, work on getting a bank account, and work on a PPT for private investors, and have a web site.