;(- if as-is value is less then the balance on the mortgage + arears OOOPS you need to have the owner work with the bank, you as the investor buyer AND a short sales expert often an agent work the tedious and usually failing short sale process. 

Plenty of lenders able and willing to lend on properties owned by LLC's.

Hi Steven,It sounds like you and your wife, Renee, have a wealth of experience in the real estate and construction fields, which is a great foundation for starting your real estate investing business.Given your background in residential remodeling and home inspections, and Renee's experience as a real estate agent, you're off to a strong start.

So the fact you’re already thinking about using your sweat equity to add value is a great sign.Even though you found this deal on your own, a solid realtor can do more than just open doors for showings.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

Im an agent/wholesaler here & I'd love to connect and see if I can help with anything.

This means finding reliable contractors, inspectors, and, if necessary, real estate agents who understand the flipping process.

I am an agent and investor in the East Texas area.

Sounds like your agent wasn't experienced enough in the area.

Do you rely on inspections, local contractors, the agent, or property managers to get eyes on it?