Buy the house at a good price (less than what you think is a good deal), double your renovation/expense budget, price it slightly below market value to try and get multiple offers.

How tolerable are agents on submitting multiple offers that may not get accepted?

I've been told by multiple CPAs around the subject of "is this deductible?"

Don't ever aim for full retail price unless your market is hot enough that you are going to get multiple offers.

I've read stories of people going through heaven and hell to get the contract and pocket maybe upwards of $10K (which is a big profit in this space as I understand it) fully knowing that the investor they sold it to is going to make at least that and probably a multiple of (not that their job is any easier).For all of that work, and assuming it really is the great deal you are marketing to your investor network, I'm wondering why not see the deal all the way through the flip and maximize your upside and the effort you put in?

I even contimplated taking the house off the market and waiting until after the new year.On a side note I have dropped the price on a house that was sitting and received multiple offers which drove the price back up.

There is a lot of benefit in having a recognized company that people (bankers, contractors, etc.) want to do business with.All multiple layers of LLC's does is make work for lawyers and accountants.

We have purchased older, cheaper homes and new construction homes for our buy and hold portfolio and we have been happy with all of them.If you have a goal of having multiple rental properties and you start out buying the more expensive homes then it will take you longer to accumulate as many properties as you'd like, unless you are already flush with cash to go out and buy them all.

However, i'm not that concerned either because i've done most of my own maintenance and light remodeling in multiple homes i've owned.

They have multiple branches in Bell county.