I currently serve as an officer in the United States Army with experience in supply chain and contract management, budgeting, and organizational leadersip .I'm learning a great deal from the forums and the resources on this website and looking forward to interacting and networking with it's many professionals.Mark Egleton

Piece mealing it only leads to trouble.  

The reason I'd start by researching the county recorder's office for deeds of record and chaining title is that you need to know the current owner.

I'm only thinking fuel, tolls, lodging and meals.

When the bidding wars start... it's Cash, Cash, Cash and no contingencies, especially with more than a couple offers on the table.When all the sharks are circling, the biggest one gets the meal first.

Hi Brandian, The way i see it the largest piece of the value chain in flipping homes is in being able to accurately estimate how much it will cost to fix a house and how much it is worth after it has been fixed (not leave money on the table).There are a lot of good RE agents out there that you can partner with, not sure how you see an RE licence being helpful if your intent is to be the person who is actually buying / fixing and selling these houses.  

If you do as you propose you will break the reporting chain of that money and create potential tax penalties.To accomplish what you seek, you must liquidate cash from the LLC back to the IRA at Entrust that owns the LLC.  

One thing I have learned is if anyone tells you they bought their first one and it worked out perfect from the get go and everything has been roses since then I would probably run because odds are they are yanking your chain.

Higher rent costs, higher costs taking clients out to meals, etc. 

I'm hoping that the folks on the chain will be able to answer this.