Our career 1st wholesale will probably be our most lucrative for at least a few deals.This was a big lesson in flexibility with STRATEGIES.Headlines never give the full story, but that was the end result.Local pro flipper I met through BP was doing an extensive rehab on an 8-duplex cul-de-sac.All brick on slab with New Roof/HVAC/floor/kitchen/baths/paint/you name it!

I used to be part of an S-corp in a previous business (primarily because LLCs either weren't around or not popular back then) and when setting up both my current 'day job' business and my buy and hold real estate partnership, my accountant favored the LLC over the S-corp.I think his main reasoning was the increased paperwork, more stringent requirements, and inflexibility of equity or profit splits in the S-corp.I think, but an not sure, what you will hear from others is to form a different Joint Venture for each property of each 'partnership' you form that could own more than one property.Dan Dietz

That gives you built-in flexibility to cope with changes in your circumstances, as you might sometimes need extra cash.

We have become a society interested in flexibility and convenience, even if it costs more.

Subtracting my estimated holding costs of $7800 from that leaves nearly $20K in flexible repair costs and about $55K in profit.My question to all of you is, am I doing anything wrong? 

When I look at prospects, I can't even consider rental income as part of their cash flow - because (contrary to how good of a landlord you may be), many investors aren't good landlords, and there is no guarantee that the rental income will always be there.If rental income is going to be 100% of your source of repayment, then it doesn't surprise me that a big, inflexible bank would be difficult.

My partners and I are looking to deploy capital in Flex Space.

This came with quite a bit of sacrifice in flexible living, cheap cars, and frugal spending in many areas of my life.

My experience is that LREP have their own inflexible processes that may not reflect your needs.

One PM may have 1500 clients and offer a very structured, perhaps inflexible but proven approach to the business.