There are many success stories with flipping properties, however I fear you are about to overly simplify the process which is how many inexperienced rehabbers lose a lot of money.

Jay, have the checks made out to your LLC if you want.Michaela, no, a land trust is simply a shell type entity used for asset protection and anonymity, among other things, like a simplified LLC

@Brandon Turner may have lumped vacancy in with the expenses to simplify application of the rule?

My going full time for the company allowed us to ramp up our acquisitions and management contact but even before then, we found the property management piece very doable.However - and I can't stress this enough - every move we made was toward simplifying tenant management and tenant expectations.

To simplify things, most lenders just include the seasoning clause in ALL their mortgages.

So you haven't lied but simplified the process for them.

This equates to additional savings and simplified structure. 

I'll make another attempt of simplifying... :-)I think i am over analyzing.Thank you for your insight!

, then getting a little more active and being receptive to a little more risk PI for 12% (Yes I simplified the ladder), 20% for being active in an investments (going out to a meeting and meeting once a month with a Investor) 50% for working hard (mentoring/hand holding/accountability partner), and 100% (doing it myself) for having every part of the deal.

There was a last minute design change on the hanging rods that was done to simplify construction but ended up doubling the load on the connectors, which they weren't designed to handle.I'm a degreed Civil Engineer and we studied the Hyatt Regency collapse in college. 100% due to faulty design....in other words, human error, not material related.