If looking to scale flips and create systems around it to minimize your time and involvement, I'd highly recommend putting a team in place that can handle the day to day operations. 

Hire an attorney, take notes, and maybe you'll be prepared to handle it next time.

My basic philosophy is that if you can't handle the little things, then you can't handle the big things.

You can open a business bank account, sign contracts, and handle expenses under the company’s name, keeping everything clean and organized.

The three ways to handle the risk are (1) gaining knowledge and experience in both investment in general and in the area you’re investing in specifically (2) extensive due diligence and when the inevitable bad outcomes occur despite (1) and (2) then (3) diversification.  

Given the legal challenges that can come with Foreclosure, I recognize the importance of having an Attorney involved for the Foreclosure process.

Challenges?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

However, high property taxes and rising values can pose challenges.

If so, how did you handle it?