Some tax rules and requirements may apply differently.Your profit margin is still slim in flipping, unless you have a pipeline and know how to repair mobiles quickly and inexpensive, or know someone who does.

I know the BEST answer is hiring it out, but margins are slim and I need the exercise hehe. 

Do not distract yourself thinking about the commission check you have not made yet or the bills you have pilling up.2.Being a Realtor is not just another sales job you are responsible for helping people make the biggest financial decision of their lives.

3:no more chasing after rent from idiots or paying ridiculous property taxes or water bills I don't think I have ever had one personally threaten me.. but I have had them commit suicide  357 to the noggin thankfully in the back yard.and 3 more swallow more pills than they should. the pills were women and they all survived.. the 357 that was a man.. sad case.. he did when the sheriff was at the door.. my secretary who was there was a mess.. not that she witnessed it  but cop told her to go wait in the car.. she could tell it was serious. 

For the first year i would be living in it myself so chances are slim of having issues.I would love to talk sometime about the area. feel free to contact me anytime, maybe we can meet up if you live in the area. 

@Shamsul Chowdhury Conventional lending laws do not permit originating a loan to an LLC...It's an interesting path you're venturing down..most folks think all you have to do is BRRRRR your way to 100 units, but it doesn't work that way...You can always look for a commercial product or maybe a portfolio lender, but your odds of a re-fi to an LLC are pretty slim...unfortunately, you need to have a credit pull every time you apply for bank money...and you'll have seasoning requirements as well.

I realize almost nobody buys a commitment to bid at a foreclosure sale because the odds of winning the bid are slim and most people would not want to spend the money. 

It's been slim pickings in my local market lately! 

This cashflow looks slim. 

There is no magic pill or book, business strategies are part of being in business.