Most people that are successfully flipping have a flipping business with either employees on staff or enough work lined up to keep a GC happy for 6 months to a year.Its a tough business to make money in when you are doing one project at a time from a distance. 

The people that get killed in every down cycle are those that were banking on the future and did not have enough cash to get through the bad times.

(Sound like good reasons not to pump in to shower.) but that many/most people do it, especially if it drains in to a septic system. 

So we can take the original LLC that is 50/50 owned by 2 people and move half of the properties over to a new LLC where one partner now owns 100% and then the other partner would have the other half of the properties and have 100% ownership of that one and we pay no taxes?

I have a handful of properties that are owner financed and I am looking for a better solution to managing the amortization schedules.

I would be willing to help - but you know you need a lawyer - taking advice from people on the internet is not a great business decision.

I've inquired with the public works people in Wilmington, DE about how landlords separate meters for water here.

Search for international people who can explain not only the basics but also culture and expectation differences.Erwin

As far as residential properties and flipping, I can see the appeal of getting hands-on experience working and understanding the process of those ventures as well.Any input would be greatly appreciated!

Other than the inspection report, there aren't a lot of reasons why buyers change their minds after submitting an offer.Since these are legally binding contracts, you could be opening yourself up to be liable for losing your hand money and even paying the full purchase price of the contract you sign.