LLC Structure: For the LLC structure, would it be best to create a new LLC for each flip, or should I just create one LLC that handles all of my flips?

Class C cannot be handled the same way Class A is. 

Hi Ryan, the appreciation might be worth the wait if you can confidently handled the cash flow.  

You will need someone more local who is incentivized to be available to do showings and handle issues.

If convicted of bank fraud you may be facing large fines of up to $1,000,000 and/or imprisonment of up to thirty years.Posted without comment.Okay, so one comment:Just because someone in your community says it's okay to do, better clear it with the feds first, or you may be talking with them later..This reminds me of a Subto in California that went bad and wasn't handled correctly. 

From all parties it was not handled right.

Curious if they named that company as they were the servicing company - so they were the ones who would be handling payoffs.... 

If you ever decide you want a more passive approach, there are turnkey companies out there that handle everything for you.

The PMS around here are pretty terrible, I've worked with a lot of the larger ones in Cleveland and I think they just take on more properties than they can effectively handle and don't hire enough additional employees to make it work. 

If that's not an option, I would recommend he look into his state and local municipalities' rules on how to handle abandoned vehicles.