I also figured it would cut down on closing costs, and I could use my commission to put towards my down payment.

I always tell my clients however, if you are considering doing a transaction that you are uncertain would be in violations to the rules, simply ask.

other than for rental purposes we are cutting way back on flipping for retail.we are concentrating on ground up.. less competition more certainty in cost to build.I am done tearing into a 100 year old house only to discover bad things.

But am unsure if the state of Wisconsin requires some form of license or other legal forms.In other words, can we simply go and buy a place, with the intention to rent, and immediately start advertising?

My question, which seems to have been confirmed, was simply to ascertain the depth and wholeness of the BP calculators.

I'm thinking I should create a C Corporation instead of an LLC, since the corporate tax rate was lowered to a flat 21 percent rate this year since the passage  of the Tax Cuts and Jobs Act on December 20, 2017 to avoid paying UBIT tax.

So here we missed one payment in this example, but our credit report actually shows 3x30 day lates.Like @Harjeet Bhatti said, you're probably cut off from the gov't subsidized Fannie/Freddie stuff for an investment property for a year or so.However if you come across something, and it's such a screaming deal at that price that it still makes sense even with non-ideal financing (remember that if you have to choose between the two, killer price is better than killer rate -- as any successful flipper will attest to), there's a lot of "Alt-A" (once upon a time called "sub prime") that's come out just in the last year that's better than HML.

With all useable land and fertile land(With the exception of Grand Oaks which cannot be cut down; which may serve as an attractive part about the "Community" if several homes were to be built on the subdivisions),  2 water wells, 2-inch water meter and all the utilities; how difficult would it be to find a developer to pick this up, have the deal assigned to, pay closing costs, and pay in cash?

It's been a long road I spent 6 month in th hospital, and I saw many people with injuries similar to mine simply giving up on their dreams or life in general so part of my motivation is showing people in a situation like this that it is not the end of life it can be seen as a new beginning. 

To determine the assessed value for year 2, simply multiply 6% to previous assessed value plus previous assessed value ($6,000 x 6% + $6,000 = $6,360).