Obviously, I could probably argue that I have an easement by prescription (it's been used so long that it's now part of the property), but I imagine getting this legally documented and enforced would be time consuming and perhaps costly.

@Mark Gallagher I would not argue that point at all.

They might try to argue that the window was random, but a hole in a door is definitely on them. 

My flips take 1-2 years and alot can happen in that time.Some including the "gurus" might argue that its not worth it to do insurance using an EV approach.

(An attorney could argue that your LLC is total BS, as evidenced by the fact you used it to buy yourself Taylor Swift tickets, and a judge or jury might agree). 

It's just hard to argue that if you have 6 or more people that each one is equally involved or that all are involved at all. 

For now, I think you can reasonably argue with a straight face that the option method doesn't trigger transfer taxes.

Basically, you can use pro formas and P&L's as you're initially getting into your research, but as you move through the process you're going to dig deeper and deeper.You mentioned that the only info from the listing broker that was worth using was current rents-- Id argue that is definitely one NOT to use. 

I'm not arguing that there's no difference between operating individually v. operating under a corporate umbrella. 

Read the ABCs of Real Estate Investing and the ABCs of Property Management . . . today?