That sort of defeats the purpose of IRR in the first place.)

The others sound complicated and expensive and possibly self-defeating (if your goal is to save money on your financing).

Makes no difference what the laws are in NV, if you form a NV entity and flip homes with it in CA, you lose the liability protection it offers and you can count on CA coming for you for their end.Unless you register your entity as a foreign entity in the state you are flipping (which defeats the prupose anyways - just form there to start), you lose out.

That defeats the whole purpose of FHA in order to use 3.5%.

I looked at the link and it looks like a nice property and depending on the numbers could be a decent deal.Jon is right on this one and gave you advice from the HML's prespective.The biggest problem with the deal is that you plan on living in the property which pretty much defeats the purpose to almost all of us here.

Steve L- One item you stated defeats your argument,imo.

But the purchase would take that away and with current zoning laws no building was allowed on that small of a lot.Sort of defeated the purpose of even bidding on it!

I want to try a few matches first because I accept any kind of defeat@Shaun Reilly - Thanks Shaun, that was exactly what I was looking for.

I was thinking about doing the same thing (limited thermostat), until folks brought up the fact that they can be defeated with a bag of ice or cold wet washcloth.

Defeats the whole purpose of starting a business to be in business for myself.