I'm currently expanding from single family to multi and its been interesting to look at different properties and realize that in a lot of cases the #'s don't work.

I am doing my first flip and it appears that I should setup an "S" corporation or a LLC that is filed as an "S" corporation.

or should I take those last few dollars and hire an inexpensive skip trace service to locate the owner(s) of some of those abandoned properties?

Ben LeybovichMala S. this way dealing with investor as 3rd party also illegal?

Welcome to BP Nathan S.

It appears the house was framed initially, then the code changed and 2x6's are required on outer walls, so they actually built a matching frame, attached steel bands in a criss-cross pattern to cross-brace, and attached the newly framed outer wall to the existing.

You don't have to give a pamphlet on your reason(s) why they'll not be new tenants of yours... just say no and continue to shop the property.Kudos,Mary

I am new to wholesaling, and i do not know if i should set up an s-corp or LLC, or if i do not need one for now.

Would anyone be willing to double check my #'s on this triplex I am considering?

That's been shown to be correct by a couple of very large datasets for 100,000's of apartments.