Essentially you could lose the (limited) benefits you get from the LLC.

He isn't thrilled with tying up 5 houses but like they say beggars can't be choosers.Do you know how much emphasis they place on condition?

Otherwise you're running an enormous risk of not only blowing this deal, but losing that client forever.

scott yancy is  yet another clown trying to screw people over, there are several on this website actually trying to become the next "armando montelongos"......the truth (from someone who has flipped many house successfully and has yet to lose money even once doing it) is that one can learn everything they need to know by attending any number of real estate groups, and/or copying off those that are already successful. read books, learn everything about construction, buying houses cheap, selling houses sucessfully,...plus everything else....ha

That kind of activity may not be allowed in the brokerages IC agreement with you and also their E & O policy might not cover it.So you have to talk with a brokerage ahead of time and see if they are okay with it or not.An investor who is a broker might be more apt to work with you because if they lose the brokerage then likely they already own other investment properties versus a regular brokerage where transacting is the lifeblood of their business.New agents often tend to be rogue agents with self interest above the brokerages at any costs.

You will probably need to put earnest money down once you have the signed contract this should be $500-$1000 dollars. now if you don't find a buyer you could lose your earnest money.

The term "high yield" is much like "Lose Weight Today" how much depends on the eye of the beholder.  

SBA is rather expensive with bonding and it's a federal debt you'll never shake lose of until paid off in full, they will take your first born, second born, drain a bank account and take your car all in the same day!

Since Real Estate in general is very localized game..especially in Atlanta so I typically don’t put too much emphasis on these articles.

You could lose all the money that way but atleast you will have actually tried something and before you go buy some slums read the forums here and you will probably have everything you need and anything else you need you can always ask the forum...good luck :)