You would be wise to consult your legal counsel to make sure that you understand the factors that distinguish an independent contractor from an employee in your state.

I just meant, at least in our area and from what ive seen posted on here that that it is VERY rare that the purchase appraisal ordered by the bank comes in at a # different then what you paid.So for example,You purchase for 100kComparables are 175kYou tell bank hey the comparables are 175k, and I just bought under market and there are no distinguishable reasons why my property should not be valued at 175k.Would they not argue that the value you paid is the value of the property? 

Your LLC’s name must be distinguishable from the names of other business entities already on file with the New York Secretary of State.

I understand that most flippers are involved into flipping single family homes.I was wondering if any of you BP members were involved into flipping multi-units (> 5 units) on a regular basis.Here I would distinguish 2 processes:- Flipping the multi-unit as a multi-unit Meaning buying mismanaged properties and improving the NOI or vacant properties/rehab/rent- Condo- converting the multi-unit and selling condos.

Those things/events that make you feel distinguishing your business from previous era/stage to the next.

NJMLS will give you a breakdown of what's available and will distinguish between single and multi.

If you are used to syndicating $10 million deals, and you have the investors for it and can do a number of them per year, you won't stop doing that and just buy one self-funded deal and be done.  

What is common practice and what are the best ways to check the validity of a lender and protect oneself against scams?

It's seen a lot of growth in the downtown area, and because of it's linear layout, the regions are pretty easily distinguished.

I couldn’t find a way to distinguish between 4 bedroom townhomes and 4 bedroom SFHs on AirDNA so I’m sorry if I missed that feature.