I spoke w a lady a month ago who is going to lose her house 1/8/16 at the auction.

You have nothing to lose by asking him if he would sell and hold the mortgage.

Flipped first house last year and I enjoyed the process....and I did not lose money on my first one.

You win some...you lose some.

There are costs for maintaining the trusts and there are formalities to be followed.Having General Liability insurance also protects your assets as in the case of a lawsuit you may be defended at the cost of the insurance company and they may also pay all or a big portion if you lose.

Set up a plan and budget go over materials you want and can afford for it figure out whats worth the effort and whats not but of course first things first set up with a hard working A player real estate agent to help you find the best deals.

One of my concerns is not being able to close within 30 days with a bank loan and possibly losing some are all of my deposit.   

I only invest money that I can afford to lose and i sleep better because of it.

Although it wasn't profitable I didn't lose any money and it worked out well.  

I don't like condo's because of the fees and power players wanting to sit on the boards.A condo sitting for 2 years is a long time.