We do them all the time - that is "flip" paper - I never really called it that - use paper to write an offer, paper to assign my contract.They may mean mortgage notes - you control a note for one price and flip the paper (note) for a higher price.I have been working with people just starting all the time - for about 36 yearsIt is sad to hear some of their stories, horror stories of how much money they spend with a so called mentor.Mattie came to me after dropping $30,000 to a fly by night mentor (they are still around today - if I said their name - you'd know who they are) and get rich programWe were able to get her $22,000 of that backWe had her call her phone mentor to ask question - he was on the phone goggling for the answersWe helped her write a letter that would have exposed them as frauds - to report them to every AG in the US, radio stations where they advertise, BBB and every real estate site on the internet.They could not answer basic real estate questionsWhat's a hybrid offer - how do I write one Should I use banking days or calendar daysCan I build in to my offer an automatic extension - what would the clause sayWhy would I use a "delayed settlement date"How do I get right of possession - how is the clause wordedWhat are "check funds" (one of the most important thing to know when getting started)How do I make the shift from "I want to buy your house" to NO I want to flip it, wholesale it or recycle it for a profitWhen buying, should I keep it in or take this clause out "Time is of the essence"What is the proper assignment language to use in my offerWhat is a "second stage negotiation"How do I make a "Trial Offer" on the phone and whyWhat should I do if the sellers says, "Make me an offer"I have no credit or money, how do I answer when the seller wants to know if I am pre-qualified for a loanWhat is the benefit of a "skinny contract" offerWhat is the only out clause I need to put in my offerSo many ambitious and good people have been taken advantage of daily by these traveling Con-men.Before you buy another course - ask - How many properties do you own - whereAre you licensed, bonded, insuredGet references of past men-tees - don't believe their Power PointLook at their financial statement - search their name on the internetDo lots of research before you spent 

If $500/yr/LLC saves you losing your entire portfolio and your personal possessions and assets, which is cheaper in the long run?

As soon as the legal occupant moves out, go take possession of the house.

Sounds like the property will be fixed prior to possession.

Pace Morby, I can confidently say that he possesses the qualities and expertise needed to be a genuine and caring person apart from demonstrating what an exceptional mentor and human being he is.All the individuals within the Subto community have outstanding communication skills, and an empathetic and approachable nature to all newbies and SMEs all the same, making them all outstanding mentors in sharing and carrying the load of being leaders within the Subto community sharing the knowledge they have gained from Pace.

If the situation was that he was living with roommates, and he vacated at the end of the lease but a roommate stayed, and the LL had to run an eviction on all of them to regain possession, MAYBE. 

Electric and natural gas service may not be discontinued while you are in possession of your unit.

Since I was on a short time line, after looking at the property, I offered the asking price, with $5,000 down and 100% owner financing as long as I could take possession within the next two days at $500/month rent.

No ODs yet, and we do minimal evictions, although we have one coming up next week..1)  Tenant saying house was possessed with demon spirits.   

What are some core values in your opinion that you believe investors possess, especially early in their career?