Thanks for the response Melanie!

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Brown: I use https://www.bestwyomingregisteredagent.com/Very simple, 100% online, they are responsive if you need help.

There are options like:Private Real Estate Funds: These allow you to remain in real estate but delegate all the management responsibilities to professionals.

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

I told him he can break the lease, but according to his contract until I find a tenant - he will be responsible to pay the lease. 

Sorry again for the delay and late responses.

Thanks for the response.

It wasn’t clear in advance what the next steps were, or who was responsible for doing what.

@Sean GammonsConsider adding a partner for the second deal to share the down payment and mortgage responsibility, keeping DTI manageable.