I have a deal under contract that he is going to finance 100% for the acquisition ($96,000) and I'm actually going to manage the flip--hire the contractors, decide what needs to be done with everything, paint colors, flooring, etc.

Vinyl is not generally paintable into another color.

Flashy, loud colored shirts and gold chains are for car salesmen.

She asked to repaint the interior to match her Tuscany furniture...I said no problem, we both go to Benjamin Moore and pick out & agree on a color, I go hire a contractor and get a quote.

I got caught up in all the little details - handwritten font, yellow legal pad style paper, red colored font, handwritten font on the envelope, etc.

I prefer to work with investor that view real estate as an investment and can see past the wall color, flooring, or repairs.

Don't confuse the low % down payment with being a better deal, you will get creamed on monthly payment compared to a traditional 20% down mortgage and the required PMI (insurance) FHA makes you pay will further eat your cash flow.3.

A frivolous lawsuit may be avoided when a contingent fee attorney has to go the extra mile to pierce an entity.That is a very good point.The good old ambulance chasers aren't usually the cream of the crop attorneys so don't really want to put in a ton of work that they very well won't get paid for.This is really what I think the biggest benefit to the whole entity and trust structure is making it a PITA to try to sue you.General thoughts on things are:1) Nothing is really going to help you much if you actually do something wrong be it malicious intent or gross negligence (This will include insurance)2) If something bad happens but you didn't really do anything wrong insurance will be the first line of defense always.

It was great to go back after a rainfall and see that the water had evaporated instead of pooling up.3 of the units needed a make-ready, and we have completed those on schedule.Right now we are wrapping up exterior work including a new color scheme.

So the coloration is that people of certain class or working groups have a tendency of being similar.....thus you find trends among their decisions....so you end up avoiding them.