We had a call set up for a Monday in December and by Friday we found the house we wanted to purchase through them. 

As for the legalities of setting up an LLC to protect you and your partners, I would consult with an attorney for best judgement. 

Many experienced mentors in this group can help guide you in the right direction.I highly recommend saving as much as possible and setting aside a hedge fund for financial security.

But for me sets me back few years on my goal.I also think he lacks financial knowledge to see that something is out of ordinary and should not be used as basis for future returns (e.g. low interest rates of 2022 resulting in low cap rates).

Keep in mind that pool maintenance and chemicals will set you back several hundred a month, plus higher insurance, utilities etc.

While I have a general understanding of what it takes to set up a fund, I’d love to tap into the collective wisdom here.

Quote from @Travis Timmons: You'll likely find a bunch of folks here that set a pile of money on fire investing in Brandon's syndications over the past few years.

I would suggest making sure that you are following a set format/style of house each time you flip to systemize it more2.

.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.  

I want to stop being pennywise pound foolish and get things set up properly.