Thank you to everyone that takes the time to respond.

I switched to full-time flipping (from a full-time GC) and almost ALL my deals are on the MLS and do not meet the 70% rule (gasp)...here is what I do and my thoughts:First, spend effort on meeting a lot of general contractors. 

Let me start by saying that I've always loved the area, for vacationing and otherwise, but never thought about investing there.  The recent hurricanes got me thinking about the future of the area.  While I do think th...

Most of the time that new construction will sell for $450k+ which is why I said to make sure it construction cost, not total sale price.  

Managing tenants, collecting rent, and handling repairs can be time-consuming, so factor in property management fees if you hire someone.6.

Otherwise you spend year 1 paying yourself back for the furniture (if you're lucky) and then hope to make a profit in year 2, only for your lease to possibly change terms, losing all of the time you put into building your brand.

I did that about 20 years ago when I was starting out and bought my first home.

Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.

It's October, and it's time for another Las Vegas update.

Most people hire  an attorney to (a) save time; (b) trouble spot issues.