Thanks for the plug Mark!

Right now I'm plugging my money into the website but I don't want to leave mail out.

(plug) If anyone in the Colorado Springs area is looking to off load a 4-pleax please message me!

This is one of those threads that happens once a week -- check out the search button in the upper right corner, and plug in "LLC."

We have 3 properties up in Sacramento which have had their fair share of management challenges for us just starting out even though cash flow is great up there (or at least was when we purchased).We are looking at this through a BRRRR mindset, but there seems to potentially be a flip exit as well.Stats:$464,000 Purchase Price (1450 sq ft 4/2)$45,000 Estimated Rehab$570-580K ARV (based on sold comps in area)$2900-3000/mo rent$20/mo garbage$40/mo insurance$420/mo taxes$200/mo (estimated for vacancies and low capex/repairs since we are essentially gutting everything minus HVAC)$2120/mo P&I - Owner financed at 10% down @ 4.5% on a 30/5 balloon.I plugged these data points into the rental property calculator here on BP and the CoCROI numbers were pretty poor (barely better than risk free 10 year).  

I find myself driving a couple hours a day, and even when I'm not driving, I'll plug headphones in and listen to another one or two episodes.

Once you have a good idea of these two things you can start to plug in the numbers into the BP Calculators(under Tools) to get a sense of what type of return they could potentially deliver.  

In many markets right now you could make 1,000 offers at 70% of ARV minus repairs, and you'd probably win none of them (unless it's an off market deal with no other buyers in the mix).That being said, your numbers look pretty thin on this one:Working backwards from $95k ARV: - $4750 realtor commission at 5% on re-sale - $1000 seller-side closing costs on re-sale (plug in your own accurate local number here) - $1000 holding costs (utilities, insurance, debt service, etc) - $2500 cushion for surprises - $20k rehab - $500 buyer side closing costs on purchase (plug in your own accurate local number here) - $55k purchase priceOnly leaves $10k meat on the bone for a whole lot of blood, sweat, and tears.

little hazy.3) Once I find a property from distressed seller with a potential to buy it at 60-70% below market value... i find out all rehab expenses upfront, plug in my numbers with my house flipping spread sheet software to get my Maximum purchase price...

One thing I will warn you about is financing through an LLC is a pain in the butt.