I've seen some sellers that will carry for a short time, 1-5 years, while the property is seasoned for refinance.

Most banks are pretty tight when it comes to forced appreciation even though it's natural for a property that's been renovated to command better rents.Even some portfolio lenders require a 12 month seasoning to use the appraised value. 

You might have to weather a few seasons saving money to have ready to put down for one of those properties the moment it comes on and snap it up.

We negotiated to 5.5%.After all expenses we cash flow $304The ppl are hard to get a hold of, not tech savvy (older couple).

Looking to get some clarity on this matter -- a lot of people on BP suggests a percentage method, which I think can be a miscalculation for cheaper and older SFHs because a lot of capex is fixed, but rental income, size of house, vintage of house, type of neighorhood factors into the calculation.

@Ricky Knack I am just starting out on the flipping side of the business but personally I have a goal of trying to net 100K per project, considering the money invest in LA and time (6-9 months because im adding sq ft to smaller, older homes).If it is a quick 30-60 rehab that sells within 3-4 months I wouldn't mind less. 

I’ve read on multiple old posts that there is no need to create an LLC until you have a few deals under your belt (I’m sure they are referring to the aspect of shifting the liability off of you) curious how this works come tax season if you also work a W2 job (as I do and plan on doing) where your gross income from a property would be say 12k for a year but your net income or cash flow is only 1K.

Some lenders will require seasoning (that you own for 6-12 months), some won't.

They can cash flow but they are older buildings/houses and don't seem to appreciate at all...

I know “C” class buildings are older and charge less rent but I was thinking maybe to renovate it and put it up to date more modern.