One of his strategies is similar to what you've done with cars--keep trading up.

You are expecting your realtor to find the listing, view the listing and then report back to you in time for you to make a decision.

If they accept, I arrange to meet with them and either sign the lease, collect the full deposit and one months rent in cash and give them the keys, or sign the nonrefundable hold deposit form and collect the deposit, in cash.Screening is a binary decision.

I bring this up because I like the idea of running my own firm some day, but the idea of running the finances, marketing and business part of it are not nearly appealing to me as just being the one who makes the final engineering decisions.

Buying 10 homes in one transaction in a buisness name which trades in RE is obviously commercial, doing one property to a guy who does one deal at a time and takes title could be a problem....especially for a first time flipper who has business income.Best way, imo, is to make a phone call to the state department of finance and ask!

They do one thing that is pretty narrow and then trade to get all the other stuff.

I was thinking of writing down a guideline with a series of checklists to have to help make the decision to purchase or not, what to do after the purchase, plans for marketing for rental or sale, etc...Here is my brief list:Pre purchase-Finding a property-Evaluating repairs-Evaluating market value-Evaluating prospective profit-Evaluate best way to financePost purchase-Immediate repairs (needed for habitation)-Long term repairs/upgradesWhat else???

In his books he talks about trading assets for bigger assets.

What I am saying is that "flipping' was the latest fad, much like the previous "day trading" fad.

You and your lawyer will need to come to a decision about whether it is worth taking legal action, given the unscrupulous actions you likely took (knowingly or ignorantly) during the transaction and how that might open you up to additional liability.This is still no one's fault but your own.