After the tenant moves out, we send someone to inspect the property for any damages, including furnishings like a broken vase.

Market conditions also play a role, including the availability of contractors, appraisers, and lenders.

Some areas we push owners to invest in are West Allis, Bayview, Wauwatosa, and several neighborhoods in Milwaukee, including Riverwest, Harambe, and the East Side.

When my places with section 8 tenants are inspected yearly the inspectors just want to be sure that the paint isn’t flaking and thereby causing a situation that a small child may ingest the paint chips.

If we were to find a duplex/triplex/fourplex that met our criteria, I was thinking about maybe owner occupying one of the units in exchange for being able to use the 203k loan - for not only cheaper financing but 3.5% down + being able to include fixup costs in the mortgage.

If you're licensed (or unlicensed) and are a principal in the transaction, you can use any form you wish but it is foolish to use a form that does not have the required notices included it. 3. 

However, I would get an out of the blue phone call about once a month from someone saying that they'd put up some money if we wanted to go in on a property together.  

I would keep and organize all of your communication around this issue, including gathering pictures of the unit and the area in question that was repaired.

They often offer coaching programs that can guide you through the fix-and-flip process, including how to properly assess properties during walkthroughs.

This could free up more cash flow to reinvest in your deals.But here’s where it gets interesting: making the transition to an S-Corp can require a more organized financial structure, which includes separating your accounts, keeping clean records, and being prepared to pay yourself a reasonable salary as the business owner.