You can make a lot of money, but be warned, a large % of Section 8 tenants are complete savages.

I would suggest getting Dave Ramsey's book called The Total Money Makeover and read that.

I work for a hard money lender called Backflip and we have members/investors do flips in flood zones all the time.

We are so lost as to what to do with the money.

The intention is to minimize errors and thus save developers money.

Originally posted by @Max Gradowitz:I'm in CA and the most common LLC-related question I get is "I live in CA, I want to buy properties in other states, what state should I open an LLC in so I can save money?"

COC will make you money now and appreciation will make you wealthy!

Then once you spend the money for that.. then the contractor will simply file a UNJUST Enrichment claim so your back to square one.. 

Purchase price: $240,000 Cash invested: $60,000 purchased this distressed duplex using owner financing for $240K and a $60K hard money loan for renovations.

Me and a few folks I met at a mastermind group all went in on a joint account a few years back so we could save money.