On the other hand, if you ever had a spouse or ex-spouse who was hiding assets in LLCs you might understand the need for more transparency in these transactions.

Hi Joe,I think going with a LOC is going to provide you with more flexibility than going through the process of obtaining financing for a purchase transaction.

What would you say is the average occupancy and daily rate for a 1500 SF 3 bedroom home in good condition around a mile from the beach / pier? 

@Claude Diehl,You don't need a CPA or tax expert here; this is a straightforward transaction.

Overall, it seems like the experience will be mostly wholesaling, with a little bit of other types of RE transactions, until I get more experience.Overall, it seems like they started wholesaling years ago, but now do a little bit of everything. 

This deal showcased our streamlined process and Erika's keen market insights, resulting in a swift transaction and a substantial profit.

I use HML for all transactions

Can you estimate the holding and transaction costs?

In addition, committing ~ $200K requires some level of sophistication on the part of the investor and you are more likely to find someone to agree to your terms in smaller transaction sizes, but even that will be difficult. 

.- It's impossible, given the daily little decisions that have to be made dealing with tenants, maintenance, paperwork, cities, etc.So, how much control are you really willing to give up?