However, beachside is pretty much a ghost town of what it used to be in the 80's and 90's and the tenant pool is less than desirable.With regards to the recommendation to look in Brevard County, I would also echo that as a solid market to get into.

Hi @Anderson S.

@Jeff S.

I appreciate both your input.The minimum investment in both deals was $1,000 so it's not like I'm losing 10's of thousands here.

@Mj S.

This might get more views in the short term or mid term rentals forum/s.  

You will spend $10-$20k to put the PPM together and then if you do audited financials that will run you five figures per year as well as tax returns are not cheap with all the K-1's.

I have someone who I want to pitch to be a private investor and fund a flip from start to finish.Wondering if anyone has experience doing this and would like to offer some advice.Also looking for any recommendations as far as how to ideally structure the funding for the deal.Thank you Minority member llc and also use those old deals (current deals) with the returns to pitch them on the next deal(s)! 

In addition to active listings/inventory, check out sold properties to see what investment properties are actually selling for in the area(s).

I am also eligible for the Section 121 exclusion for this transaction.I received two 1099-S forms from the title company: one reporting the cash proceeds (box 2 for Gross Proceeds) and the other showing no amount in box 2 but with box 4 checked, indicating the transaction involved a 1031 exchange.