That said, it looks like the operating expenses you're assuming aren't too far off.The one big item I'd add into the "expense" category (though technically not an expense in accounting terms) is capital costs -- these are the long-term costs you'll face to keep the property well maintained.

Is this within the scope of your LLC operating agreement?

The cash flow analysis is the easy part - the operations are pretty straightforward as well - but you've got to get a good grip on the components.

"As of December 31, 2011, approximately 7,800 customers used one or more of our on demand software solutions to help manage the operations of approximately 7.3 million rental housing units."

Transfer the LLC interest, it can be covered in a well written Operating Agreement upon the event of withdrawl of a member.

.- Build in enough cushion for 'operating costs.'

Make sure you and your business partner come up with an operating agreement that clearly defines the roles of each person, how capital contributions will be split, how proceeds will be split, how to end the company, etc.

Apparently, they say the property value is $115,000 (would this be the "pre-loaded value?")

Make sure he drills through the correct part of the joists...if he drills too close to an edge (or too close to an end), he may compromise the integrity of the entire load system.I am still confused why would investor flipping properties with LLC if it does not offer much benefits.

Here in NJ we have what's called 'Operation of Law' which basically states that (generally speaking) if more than 2 years have passed since the Mother's death, then title automatically passes to the next of kin (if intestate) or beneficiaries in the will (if testate, and this part is an assumption).