Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Looking into flipping is awesome just remember that many loose money on their first flip, but don't get discouraged!

If you do this, and you do it right, you will be leaps and bounds ahead of your peers financially.  

If you do this, and you do it right, you will be leaps and bounds ahead of your peers financially.

Unless you want to loose your realtor designation. . . .and probably pay a fine or 2 . . .lolAs I realtor it drives me crazy.

And the idea that you can just hand your property over to ANY PM and not have to interact is just a fantasy.I have seen first hand Investor totally screw themselves as being an investor landlord by doing exactly what you were saying.It also was very bad pre 08 when lending was so loose that people could buy these things and have no real cash reserves.. stuff happens many times just your cash flow is not enough to keep the property going and you need to dip into reserves. what I found when I ended up with hundreds of these homes is the owners had ran out of money and the PM's could not manage a home when they had no funding from the owner.I recall one personally... my borrower was behind.. so I drove over to  check on my collateral.  

I am very excited to get a move on buying but I am loosing my mind trying to figure out where....  

Lower list prices attract bidding wars.I'm homeless now, loosely living out of my car, and back to spending too much.

I'd like to establish a loosely organized network of buyers who share deals, perhaps with a $2k referral fee, to make sure we're never turning down a good one