Has there been extensive physical improvements such as a total rehabilitation of the structure?

The entity structure stands on its own and shields your personal assets against litigation.

I'll be glad to pass along any deals I find, as I'm still trying to figure out the financial structure for my first deal - not quite there yet.That's all for now.

I'd know, I've been "trying" to structure a deal for far too long...I HAVE to make this work.

My favorite part is finding a way to structure a deal to get it down.

If we did that, I would have the right to build on each lot and sell the five homes under a structured agreement with the current owner. 

It covers the actual structure, but not the contents.

Sense I have not done one before, I would like to structure a partnership on the first few fix & flips.

With a great market they start getting more competitive with creative financing options for your first investment property much like the prior advice things like lower down payments are an option.Find the absolute worst dog of a home in a decent enough neighborhood (ensure it doesn't need to be condemned and no structural, meth, or mold issues that will supersede the overall benefits of it and flip it for a quick chunk of change).  

What to do depends on many variables such as other sources of income, retirement goals and overall future plans.IN GENERAL, you'll want to look into the benefits of an S-Corp and see if that structure is right for you.