In most states, including TX, the owner must disclose the inspection to future buyers, by law, so he/she loses and the future buyer gets the benefit of my hard earned money. 

@Emerson Palame I dont have any experiance with painting flips myself but from what I have heard buying one color that you can use in not only all the common areas (living room, kitchen, hallways) in this current flip but any other flips in the near future.

@David HallnerWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Executive Summary would have a list of information on it who is involved, for how long, and what is your future plans are. 

Even better to have a paid off home all your own and the bank is your partner on the fix/flips giving you credit for future rent, even on a trashed , vacant home you are repairing to flip ( bank doesn't  know for sure you will flip rather than rent it so they have to assume some future rent , which is used as extra income to qualify.). 

But after all, he made a great decision and it was amazingly profitable.Numbers:80k Purchase – cash 35k – Reno Roof, siding, paint inside and outKitchen cabinets and countertop resurfacedPlank floor New tile in bathroomRepair electric and plumbingHome staging 1% of sale price6 month project 165k sale price less 6k closing costs44k Profit Regrettably, this will probably be the most profitable flip I am involved with for the foreseeable future.

Also it will be awesome have a part in forming the club that will hopefully help students in the future see the value of real estate and get involved.I joined Biggerpockets to expand my network and to be a part of the resource I have been going to for all of my questions.

I've researched and could not find anythingif decided in the future on managing other people's properties, how would getting a licensed broker be incorporate into the existing LLC A?

@Patrick ParkerWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

I'm primarily interested in BRRR  these days but I'm just generally wondering how my fellow Canadian investors are making a buck.I'm planning a trip to Montreal, Ottawa, and Edmonton in the near future to see what sort of prospects exist in those cities.