Many people are only making $50k or so on $800k-$1M properties. 

I would get with the city asap and find out all the details on this.It could be possible that if the LLC changes hands that it loses it's exemption.

Flipping homes can be an amazing business model but there is definitely a higher chance of you losing money then other avenues so if your afraid of costly mistakes that might not be the best way to start then.

Quote from @V.G Jason: The first and foremost reason most people don't work with BP agents is cause 99%  of them are absolute trash.

If you lose your source of primary income, do you have enough cash to make it through the crisis? 

Thus that knot will cause the board to lose half its value. 

If you just want to build your cash reserves then flipping is the way but just be careful - that too takes a lot of work and research to make sure you don’t lose money.  

I know what my ideal life looks like in ten years, unfortunately, I don’t feel like I can have my ideal life now because I am having to stay in the state that I am in until we can move without risk of my husband losing custody of his child, which will be in about 10 years so believe it or not I do spend a lot of time thinking about what I want the future to be like.

I think what a lot of folks lose sight of is that Turnkey offers a way for people to get into the business.  

It's honestly insane how you people call yourselves investors yet your never prepared for hardships or things that come up.