Keeping mind we are often dealing with 10's of thousands or 100's of thousand dollar of transaction value, lawsuits can get expensive very quickly. 

To them that simply means an easy victory over the entity and a quick goldmine in fines and penalties.

My job is extremely secure, so this risk is minimal for me.I will say that my views are based on using that money for a flip or a BRRR method, where the loan is short-term and paid back quickly.

Hi AndrewThat's a tough one because tax rates seem to vary from state to state.I'll give you a quick example: Salt Lake City, Utah $300,000 home with an annual tax amount of $2,500.Detroit, Michigan $35,000 home with a $2,500 annual tax rate.Pontiac, Michigan ( different county that Detroit but only 20 miles north of it) $35,000 home with a tax rate of $700 annually.In the midwest and west I see an NOI of under 6%, in C grade neighborhoods.Select areas on the east coast and surrounding region I see NOI's of 9% to 15% in C grade neighborhoods.Property Taxes are the same whether the home is held personally or in an llc.I hope this helps, please feel free to send me any Specific questions and I'd be glad to answer them.Good Luck.

A quick scan of MLS listings should tell you the story of what market prices are like.  

Hi @Rob R. which service are you currently using as SmartMove typically returns the reports pretty quickly?  

The Ultimate Beginner's Guide to Wholesaling and The Book on Flipping Houses are good places to start if you're looking for breakdowns of how the strategies work.

If you are a cash buyer, mention that you are well-capitalized and have the resources and experience to conduct a quick due diligence period.

Seriously take advantage of all the free guides, blogs, courses, webinars, and mentors.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.