although Dutch is CEO, it is frequently mentioned by him and Amy Vaughn about co-owners and business partnership. 

So I get exposed to really great deals pretty frequently.

Typically by the time it reaches the MLS, it is listed at retail value, and you're not going to get a screaming deal, although there are those diamonds in the rough and my team frequently does "fixer" deals off the MLS.

I used one frequently discussed in BP, TERRIBLE AND EXPENSIVE.

i don't know how you BRRRR out of state unless you're planning on traveling there frequently to oversee it. 

You can't get "clear title" until all leans are cleared, whichever way that happens SOMETIMES, but not frequently, the 1st and 2nd will combine and both will be included in the auction.

If the foundation is good, the roof is good, the floors are good, the layout is good, you are probably saving at least $100k right there in labor/materials.The other thing that frequents adds a lot of cost is when the unknown occurs.  

This doesn't come cheap--these folks were making high six to seven figures depending on volume.We focused on lending to professional real estate investors--so our customers were frequent repeat borrowers. 

You should 100% have insurance because of the worst case scenarios (what if someone dies and they blame you the property owner), but it's not something you'll want to use frequently. 

If you forget, you face massive fines.In a small partnership, you might be redoing this paperwork quite frequently.