Not sure if interesting, but my buddy just launched a tool to help find off market properties across the US based on tax delinquencies, probate, pre-foreclosures...etc. the moment the information gets published from the municipalities so you're the first call/email the owner receives.Happy to connect you to him if interesting!

@Abby Flynna few random thoughts-definitely stay local (for now) - you have a lot of great markets within a couple hours of where you are-it's very difficult to 'start' with a flip - flips take capital and you're going up against all the professional flippers who flip as a business-go to all the local REIA meetings within a 1-2 hour radius - find the ones you like - go to those regularly-call lenders and discuss loan options. 

Time value of money to do the assembly -vs- buying pre-assembled ready to hang?

In cases where I rent a room I just rely on checking they have a professional health care license and a job in the area but that is only because the roommate is my son.  

How about this: TX trust -> Wyoming LLC(with a professional registered agent).Trust is generally preferred by lenders over LLCs.If OP gets sued for personal reasons, the plaintiff would not be able to discover his property even if they searched every state. 

of course, consult with a professional, but recommend starting here https://www.irs.gov/taxtopics/tc701As mentioned, you still have to pay the depreciation unrecapture.Good luck.

I try and spend as much time outside the office as possible networking with local investors and real estate professionals and would love to get a group together to share ideas and learn the different perspectives everyone has on the STL market.

From it raining a lot the night before the property going active which brought to light foundation issues hidden behind the pre-existing finished basement paneling.

@Manu Ramos After 20 years of owning and operating two Bed and Breakfasts I found myself in a position of needing to find a job with very few transferable workforce skills.

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