Each market is unique, and deciphering what the best strategy for profitting in your market is key to success.See Rule of 100, 1% Rule, or whatever it is called for more discussion on this topic.Now in reference to juzamjedi's rules on finding a good "flip" deal, I would have to say that it entails more than just finding an appreciating market.

Now I am clear and upfront with what selling with a realtor entails, and it normally requires two things that the seller does not have.

It was enlightening.I think in everything that we do, patience is important.Success really do not come easily, it entails hard work and determination. lady therese

i used SMALL numbers and really this should help you see that 9% roi is not ideal.for a rehab say it costs you 3000 to rehab it - now you're making a REAL ESTATE INVESTMENT - that entails putting alot on the line (this also depends on your investment strategy) you want to buy a house, rehab it and sell it for $270 bucks?

What does upgrading entail?

What exactly do those entail?

Both had different investment strategy that entailed a buy and hold model that proved very successful allowing time for family and early semi-retirement (as im sure everyone would agree a landlords job is never done).While my objective is similar to that above, my path and goals are slightly different.

An LLC doesn't necessarily have to entail 1 party putting in the money, the other party doing the work, and splitting 50-50 or 25-75. 

Normally this would entail a repeat visit or a remedy over and above a "service call".

Out of curiosity you mentioned you were in IT work, what does that entail exactly that has always confused me.