Thank you for taking the time to share your success, failure and the derived lessons.  

I can't really see any issues deriving from such an approach.

@Cody Steck - see the link below:http://www.mobilehomeuniversity.com/articles/evalu...I personally see the 70 multiplier as function of an expense ratio and a cap rate derived in a single number.

If you intend to fun a flipping business out of the LLC you need to be aware of the UBIT (Unrelated Business Income Tax), which is would be assessed on all incomes and gains derived from unrelated business activities (flipping would fall into this category). 

Although the Frauds Act requires that any contract for the sale of land be in writing, it contains no such requirement with regard to real estate brokers’ contracts of employment or the commissions derived from them.

This means the properties exist in livable condition and have renters in them so that you have the rents as a source of income derived from the buildings. 

@Daniel Dietz , No problem, I am just returning the value I derive from the BP. 

On a QM Mortgage, the income that is derived must be determined likely to continue for 3 years into the future.

He taught the principals of leverage, both with money and multi-units and for that I can only assume the posters are financially maybe a) unaware of the value and haven't purchased his materials, or b) just naysayers because of all of the people who came after, or c) didn't have perspective on what value they might derive from the information kit.I for one believe the information was spot on, and perhaps even too difficult for most to comprehend and put into play, because it was outside the box thinking and truely is hard to pull off with the square-peg round hole RE agents, sellers and financial institutions that we label conventional."

That said, the direction is the most important part, as goals are derived from it.