Good to start building the legacy.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

A key component of flipping is being able to find distressed properties and I know inventory of distressed properties is evaporating.

Be sure to put Las Vegas and Henderson in your key word searches, so you'll get notified when I post it.

I'm familiar with straightforward quick flips, but this seems more complex.Could someone suggest key protective terms to put in place, or a source for boilerplate LLC operating agreement language to compare against?

Turn key I assume?

Also, you will have really high utility bills, because your guests will leave the heat at 75 degrees with the window open.You will also have to either get a management company or deal with marketing, reservations, contracts, receiving payments from guests, security deposits, housekeepers, maintenance, keys, etc yourself.

I know automation is key at a certain point in your business, but as a new Investor, there's a sense of wanting to do things manually (eg, I can build my own websites and wish to insert my own language (my brand) into email responses.

They will always WANT as much as they can get the key is to see what they will take.Easy numbers, say you think a place is worth $70K and you ask them what they want and they say $100K.

@Craig PriceWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Have just a couple items/questions (really there are sooo many, will limit to two) to sum things up: -Got my "Sacramento" key word dialed in!