You also want to learn what a good deal looks like in your target market and analyze 100 deals as quick as possible so that when you're ready to pull the trigger on an investment you can do it with full confidence. 

Lower premiums mean more cash flow and often a more valuable property.There are Wet and Dry flood mitigation techniques that applicable in different settings.

I agree with Account Closed  I just want to add that conventional loans usually dry up after 4 properties.  

Jake Knight Construction is the hardest part in rehabs, if you can pull that off, and with your experience, I don't see the holdup, pull the trigger, everything pre/post construction is static/don't need supervision.

Having a formal written operating agreement lends credibility to your LLC's separate existence.Transferring property from own name to LLC may trigger due on sale clause and make the loan balance immediately due.Loss of capital gains tax exemption. 

I should add that to the lease I have on one of my premier properties- the one between the dry cleaning bag warehouse and the five gallon bucket store.It is a former asbestos manufacturing facility that I was able to acquire for a song!

I'm not incredibly new to BP, but I still haven't pulled the trigger to invest yet, because I want to be well educated instead of jumping in over my head right away.

Things like stairs and windows may no longer suffice.Lastly, changes of use normally trigger code and zonign issues.

I have heard of people buying houses using personal financing and then transferring the title to the LLC but that could trigger the "due on sale" clause and I'm not sure but I think the loan would still be under your personal name meaning you would still be personally liable for the mortgage if you couldn't make payments.

In most markets you can always find a deal its just being ready to pull the trigger