That means be prepared for very slim cash flow, keeping money tied up in reserves, and concern yourself less with how much money you can pull back out and look at the actual numbers.

I use the LOC to make the offer, which makes it stronger than a offer with a contingent on loan qualification, and just buy it with the LOC.

I don't have much in the way of cash to invest at the moment (all of it is tied up in our business), but I'm very interested in learning and putting what I learn into action so I can get started!  

:)My recommendation is that you choose a name tied to your personal name.

I have to buy properties in cash which will tie up my Capital in each project until I can (hopefully) sell quickly.My long term goal is it keep 

One lesson learned from performing my first eviction on another rental--I let 1 family tie up my entire income stream.

My thoughts are tying up a house, doing the design/plans, getting a after repair appraisal, selling them the house and making some money on the front end then build in the remaining of my profit as the design firm?

Ramon, if you are looking just to tie up the name see if MI has a name reservation or filing a DBA (doing business as) instead of filing for the LLC.

What is a new family who doesn't have Lenox ties moving to the area for?

Since I will have a lot of my reserves tied up in the downpayments, a little extra cash on hand will give me piece of mind.3.