Good on you asking questions like this - even tho they are basic, there are probably a lot more people out who are also uncertain about these kinds of things.

We are a military family with young kids, work full time, and move around a lot so we have been uncertain about flipping etc. 

This would be a nice lifestyle upgrade, but I'm uncertain whether or not this will be the shortest route to building wealth.I could really use some insight into my next steps. 

I think though im still uncertain, about this strategy as in  how can I be certain that this individual  will follow through once i have settled his debt?

It's crucial to conduct thorough research, consult with local professionals, and be prepared for unexpected expenses.If you're uncertain about specific local regulations or tax implications, consider consulting with a real estate professional, accountant, or attorney who can provide guidance based on your unique situation and the local market conditions.

This local expertise allows us to make informed decisions and stay ahead of market movements.A Track Record of Success: Despite the challenges of starting during uncertain times, I've successfully completed multiple flips, each time learning and improving my strategy.

There are always unusual situations that don't go by the book and they may not have anything to do with the competence of the people on your side.

“Unusual” looking house such as this may be in style for a while but may go out of style quickly.

This is terrible advice, because running personal expenses through the LLC is precisely the kind of conduct that courts look for when deciding whether to disregard the LLC - which, normally speaking, is a very unusual thing to do.)The reason that professional investors put each deal into a separate LLC is because they not only want to protect their personal assets that are outside the LLC, but they want to protect their different properties FROM EACH OTHER.If most of your wealth is tied up in properties, and the properties are all under the same LLC, you might as well not have an LLC.  

It's rare that you can have the best of both worlds although both Indianapolis and Memphis are experiencing unusually high rates of appreciation.