All this applies to Flips more so because of the tight time lines necessitated by holding costs.

Exploring investments outside your local market for better cash flow is viable, but remote management necessitates robust planning and reliable property management partners.

Here are some thoughts and advice on your questions:Pulling Equity for Repairs and Down PaymentNeighborhood ConsiderationsNetworkingFinancingResearch and Due DiligenceProperty ManagementTake note that real estate investment necessitates thorough preparation and research.

From what I understand, that process may necessitate paying off the full mortgage (depending on the loan clauses), and/or a loan refinance/restructure. 2) If an LLC is not the best option, should we file for a DBA and acquire and EIN to open a business bank account and keep business finances separate? 

Because I needed to start this document after the first of the year looking back, I looked at my guest log and knew exactly what tasks would have been necessitated.

But you had a legitimate change in circumstances (new baby) that necessitated the early move. 

The following standard easement notes shall be included on the final plat.a) ERECTION OF STRUCTURES PROHIBITED: Grantor shall not erect any structure over or within the Easement Area without obtaining the prior written consent of the City Engineer, provided however grantor shall have the right to place and maintain a surfaced roadway over and within the Easement Area.b) CHANGE OF GRADE PROHIBITED: Grantor shall not change the grade, elevation or contour of any part of the Easement Area without obtaining the prior written consent of the City Engineer.c) RIGHT OF ACCESS: City shall have the right of access to the Easement Area and have all right of ingress and egress reasonably necessary for the use and enjoyment of the Easement Area as herein described.d) REMOVAL AND REPLACEMENT: The cost of removal and replacement of any unauthorizedimprovement or structures within the Easement Area, necessitated by the exercise of the rights under this easement, shall be borne by the Grantor or their successors or assigns.e) SURFACE RESTORATION: City’s liability to restore the surface within the Easement Area shall be limited only to grading and seeding, and replacement of grantors surfaced roadway.f) DUTY TO REPAIR: City agrees that any drain tile, drive or access way, fence, or yard or other improvements outside of the Easement Area which may be damaged as a result of any entry made through an exercise of the City’s right of access shall be repaired at no expense to Grantor.g) EASEMENT RUNS WITH LAND: This easement shall be deemed to run with the land and shall be binding on Grantor and on Grantor’s successors and assigns.h) GRANTOR RESERVATION: Grantor reserves the right to use the Easement Area for other purposes provided however these purposes shall not interfere with grantees use of the Easement Area under the rights of this agreement.d.

House is in great shape so minimal rehab is needed so repairs/maintenance/capex should be small for the first 5-10 years, I get to keep the asset, and I get a little cashflow with it, the tax deduction and all the long-term benefitsI have a high paying W2 so I steer away from hard money just because it's so much more expensive to use and I'm not doing the volume to necessitate it 

You can only go so far before you need to add ventilation pipes/devices.I once had a local flipper hand me a remodeling diagram that would necessitate chopping holes for a 3-inch toilet line through four 80-year-old 2x6 joists to the nearest stack.

I’m familiar with the many variables but, contrary to the course advertising gurus, flipping houses to net near 100k in a year necessitates at least 400K of personal (non-borrowed) funds....in my experiences.