Control goes to the trustee and ultimate ownership to a beneficiary, neither of which can be the person who owned the assets.  

Ultimately, it depends on each investor’s risk tolerance.

I recently flew to hawaii from AMEX Platinum Points but it was just because I did the opening card promotion minimum amount and got a ton of points.

We ultimately agreed on $47,000.We closed the deal in just 10 days and resold the property for $85,000 shortly after.

My  ultimate goal is to buy and hold but with the higher interest rates I am trying my hand at flipping since its difficult to cashflow with a long term rental.I am  about to complete my first flip project and  wanted to weigh my options between selling or keeping as a mid term rental. 1) I am curious how the market is fairing particularly in Garland Texas.

With that being said, I’m starting to see more of the benefits in some of what he promoted.  

Start with BiggerPockets Ultimate Beginners Guide (free).

Ultimately, this type of investment works well for some but isn’t the right fit for everyone.

I see (and endorse) the analytical, structure-side of what you are saying, and ultimately, like I said before, I appreciate your post.

Scope creep is a huge problem and the more you learn up about the project up front, the easier it is to figure out what actually needs to be done and avoid surprises (or pass on deals that need more than you initially think): https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...I highly recommend building a contingency (I do 20%) into your rehab budgets for unexpected issues.