Laws vary by location. 

So the properties that this will work on are properties that can be flipped...but instead of selling at the end, you are holding the property.Not all properties, not all locations are conducive to flipping though, and that is where people trying to implement this strategy, or who try to flip often run into a brick wall.Locate the locations where flipping works....to do this, simply look and see where there are tons of flips going on.

Should I form the LLC in the state I reside or Alabama where the properties are located?

@Eric Wilson im located in Cranbrook.

@Jennifer Darby where are you located?

@Nikki Aine depends on the location honestly to see if it is a good deal.

Thanks for thinking of me Amanda, but this isn't my area/location. 

I feel comfortable about the location/price however am concerned about the general contractor part of things.

If you are in need of advice in terms of location or have any questions in general, let me know and I would be happy to discuss.

The best location starting is in your back yard. if that is at a high price point, find close friends are relative which are in other areas where the entry point is lower.