I am contemplating a purchase in the Big Bear Lake area for use as a vacation rental so that my family can utilize as well.

We are contemplating whether to do: 1 flip with our all amount; 280K (includes PP, rehab, fix costs) ARV 350K~ 2 flips simultaneously; around 140K for each.

As you prepare for this meeting, please keep in mind that the contemplated transaction is a commercial transaction and your LLC is a residential consumer purchaser.

Alex, I have contemplated on purchasing those 15-30k sfh you see on the north side, but I'm still on the fence about it.

If all activity of the LLC simply appears on your personal tax return then you are the tax payer in reality and you have the flexibility you need.You may do a partial exchange as your contemplating.  

On the flip side I'm frustrated enough that have contemplated just jacking the price up way over list and walking away after 45 days as no deposit is required.

I know, I've contemplated selling because the Minneapolis market is so crazy.

@Robert Andrade Hi Robert, yes we are contemplating both non-owner occupied financing, which would likely require a 25-30% downpayment with investor based financing, or alternatively an FHA route with a 3.5-5% downpayment + PMI.

I've done a lot of the work on both of the houses I own, and really enjoy doing it, learning new things about renovations, and improving/polishing my skills.Once I reach my 10 years, I'm contemplating converting a large van into an RV and touring the Americas, probably obtaining certification as an EMT to get some supplemental income and to find adventure.Exploring real estate opportunities in DC, looking for buy-and-hold rentals.

-Unit needs about 10k in rennovation/maintenanceMake sure you're accounting for that when your contemplate your listing price.