Hello,I am on chapter 12 of the book and one of the exercises I must be missing a critical piece of information because I can't figure out why the answer is what it is. 

After taking off an entire day from work to help someone understand that they need to do the math to figure which potential property will be best for them I often hear the words, "I don't have the time to do the math and we (my wife and I) are busy all the time and we are not really interested in buying another property", or something really aggravating that makes me know their head is full of lead.Cashflow can be very critical for investors, but if people refuse to do the math to look at all the avenues then they will never have the ability to jump on a serious money-making property. 

PM is THE most critical part of out of state investing, even more than purchase price. 

Another critical point: please interview and vet the hell out of the PM company to make sure you are on the same page, and that they have a good reputation.  

Reserves and such are critical to success (and where many get into trouble).That said, I shy away from appreciation as a strategy.

@Chad UrbshottFunny enough my boyfriend and I were debating on adding the second bath.....I have a couple of friends that have been flipping for the last couple of years and they ALWAYS add a second full bathroom.....Thanks for the confirmation....that just goes to show how critical it is to have that second full bath.....TO ALL : The hud house I was looking at sold to owner/occupant right before bidding was opened to investors....however it was good to experience some of the anxieties that play a roll in making such a big investment....and it was awesome to reach out to a community of knowledgeable investors for some help!!!

I have offered support to every actual criticism that was on topic. 

The real key is knowing CA laws which you correctly perceive as complex and onerous.And ability to provide tax planning is also critical, you're right again. 

Hello,I've been conducting research on a few topics and would like your professional opinion on the following:1. what is the average entry fee per deal when acting as a buyer (expressed as a % of ARV)?2. what is the a...

No entity but strong insurance might be the way to go until you reach critical mass.