Additionally, you’ll build equity and can leverage that for future investments.Flipping: On the other hand, flipping can provide quicker returns, but it’s generally more hands-on and carries more risk, especially in uncertain markets.

Why not simply find a seller that will sell their property at 70% and forget a 30% carry back?

On standard for 401, there is a section instructing the owner to carry general liability insurance in the amount of $XXX,XXX, but it does instruct them to consult their insurance carrier. 

However, if you generalize, if the company isn't personally investing in deals and is solely working off fees and carried interest, then I agree that you probably aren't seeing the best deals.

A bit discouraging and frustrating but I will carry on.

I gravitated into remodeling because it was the only thing to do here in Texas that I could compete in given that I was one of the few that carried insurance and WC.

For example, if the value of the fraud is over $1,500, it could be considered a felony, which carries more severe penalties.- **Civil Liability**: In addition to criminal penalties, the company could also face civil lawsuits for fraud, where the affected parties could seek compensatory and possibly punitive damages.Given the potential legal consequences, it would be advisable for any property management company in such a situation to consult with legal counsel to ensure their billing practices are compliant with the law and to address any issues related to past billing practices." - ChatGPT

@Ye Tun AungTypically, formation of a business entity is in the realm of attorney work, and though some CPAs will handle it, it probably falls under the "unauthorized practice of law," at least in CA, which carries possible heavy penalties with it. 

I made so many mistakes that I decided to join a program to learn how to underwrite, due diligence, takeover, etc.I was lucky to find a great partner and we used seller carry back on our first deal.

I wish I had started sooner, but my advice is make sure you are happy (or strive to be) on a daily basis by following and nurturing your passion (specially if it is not related to real state!)