This is so you're comparing apples and apples.But, of course, in almost all cases you want to do everything possible to minimize your down payment.

Everyone can be affected by delays or denials.

You can minimize some of the risks by how you operate.6.

It is not about business cards.An LLC is a tool to minimize the legals risks while not causing too many other problems.If you have nothing to lose then having an LLC is not required.

Can you keep the forclosure process going without delay or does it have to start over if the security deed is assigned?

If the project is delayed and you have HML interest rates you will see most all the margin wiped out even if the other costs are correct.Why do such thin deals?

I can answer the question of the financing and can minimize that impact significantly.

The industry's sweet spot is 90 LTV (90% financing) and you would need a FICO is the high 6's/low 7's, be able to document income/assets, have cash reserves on hand, etc. in order to minimize your down payment requirments to 0-5%.

Attorneys and accountants may tend to recommend a new LLC for each property as a way of minimizing risk but it also increases their fees. 8)

The plan is to do minimal repairs as a tenant already lives there and flip the house by the 6 mo deadline.Does this sound like a good deal?