I'd like to make more and I don't care how much risk there is.

If it is vacant you need to look very carefully at the market.

The way the bank finances an 8-plex and a duplex that you occupy is completely different so be careful with how you plan your purchase. 

like me, alot of investors, especially out of the area investors/ rebab/flipers, want to structure something above and beyond paying a contractor for his estimated repairs, (or to an agent for being a project manager for the completion of the rehab above basic selling commission for relisting)  but something to incentivize the deal, like a part commission above and beyond a certain net; offer this to an agent or GC to put extra attention to the deal to completion...you can call this anything you want, a team member, a sweat equity partner..it doesn't matter..but I certainly want to offer a "part" of a deal above and beyond...and repeat with that person...it is a good feeling...and Im out of the area, and if any action is to be taken, I will be semi dependant on somebody to care above and beyond the norm... - from zero experienced flipping guy, matt..

Just be careful about where you are buying.

@Coleman ClarkAs a former owner of an Environmental Abatement company (operated in California), I have a bit of background on this subject. 

In Texas, I can file a Memorandum of Contract on the property for two hours of an attorney's time and a filing fee and the seller won't be able to get clear title from a title company down the road. 

I have not been accepting pets, because in general I think a lot of college students don't have enough time to take care of pets.

@Mark SpritzAs @Dmitriy Fomichenko pointed out, there is a big difference between a custodian who must hold the assets of an IRA (and will charge fees for doing so even if you have an LLC) and a bank account that you open for your 401k trust.

We have decided to look in the area between Tampa and Fort Myers because this is the area in which he resides and will most likely be taking care of the construction part of our partnership.