My sister should have all the required paperwork to be able to put me on title next week.

This requires a lot of paperwork and possibly arguments should the deal go south, or should the ROI not meet expectations.I did about 20 partnerships and everyone ended in a disaster.

Attorneys will advise you and do the paperwork for money, but they will not hold your hand to prevent a disaster.It is doable, but you have to work very hard to educate yourself to avoid the potholes.

Legal, I've spent About $1,000 on a regular attorney to make sure I've received all the paperwork in the collateral file of 161 pages. 

Emerald 30 Year Fixed Calculator Property Value/Purchase Price: Address, City, StateIO TermBorrower Track RecordBorrower Basis (if Refi, Purchase + Rehab Spent) Cash-Out (if Loan is greater than Basis) Borrower FICOAnnual TaxesAnnual Insurance Premium Monthly HOA DuesMonthly Gross Rental IncomeLoan Amount Starting Rate Non-LTV Adjustments Final RateMonthly Principal And Interest Total Monthly Expenses Monthly Cash FlowProperty Debt to Income$ 1,355,000 Fully Amortizing4$1,234,000 No720 $ 16,938 $ 4,743 $-$ 11,525$$ $60% 813,000.006.75% 0.000% 6.750%$778.32 949.15 500.8565.46%$$ $65% 880,750.007.25% 0.000% 7.250%$886.83 1,057.66 392.3472.94%$$ $70% 948,500.007.25% 0.000% 7.250%$955.05 1,125.88 324.1277.65%*properties owned or flipped in last 36 mothsBenefits:Close in 15 days or lessMinimal paperwork (application, lease agreement, corp docs, escrow docs) BPO with rental survey allowedAdjustments:- 0.50% added to the starting rate for borrower cash-out- 0.50% added to the starting rate if borrower / guarantor has no track rec - 0.25% added to the starting rate if borrower / guarantor FICO is between - 0.25% reduced from the starting rate if borrower / guarantor FICO is grea - 0.25% added if Property Debt-to-Income (PDTI) is between 80% and 90% - 0.25% reduced from the starting rate if Property Debt-to-Income (PDTI) is par pricing will provide a 5% bonus to commissionadd 0.5% to rate will provide a 10% bonus to commission$$ $75% 80% 1,016,250.00 $ 1,084,000.007.75% 8% 0.250% 0.250% 8.000% 8.250%$1,100.65 $1,202.03 1,271.48 $ 1,372.86 178.52 $ 77.14 87.69% 94.68%po tower / guarantor FICO is greater than or equal to 750

You will have faster transactions if necessary with less administrative hassles/paperwork, and will be trading custodian time and money for LLC legal filings, bank accounts, license renewals, and tax return preparation time and $$. 

You can ask a lawyer to draw up the paperwork after you've agreed to something in principal.

Showing vacant apartments, supervising contractors, section 8 inspection, section 8 tenant destruction, new section 8 tenant paperwork.

It depends on what you're good at, and how much you want to specialize.A great flipper could have lots of off-market leads coming in, which would save the fees but keep the deals.A specialist flipper might not want to handle the load of paperwork that comes with closing on and selling houses.

I've received some incredible donations from lenders, friends, family, etc.. and am working on grants to donate materials for us to complete the job but there is a ton of paperwork and red tape!