Lot of people excluding the most important R that differentiates a flip from a rental - the RENT part...financing generally changes if you don't have a tenant or lease.

I can introduce you to a few people who can likely help at Red Stick REI in January if you'd like.

High priced insurance people.  

People use their own.

This is especially important when owning rental properties or managing flips because it minimizes your personal liability.However, many people stop at forming an LLC without considering the potential tax benefits of electing S-Corp status.

Most people make the mistake on putting to much moey down or use "All cash" and then need to pull it out later at a higher rate.

Quote from @Chris Primavera: I am located in Ohio and like many people I have researched and read about, tired of the 9-5 grind and putting money into someone else's pockets.

Generally the only thing people can opt out of is the political contributions.

In the end, I set myself of up a C-Corp > LP > LLC structure after hearing a lot of people were doing simple LLCs and getting double taxed. 

Good for the old tenant and I wonder who thought it was a good idea to do this to people.