as a foreigner you will find it next to impossible to get a loan.. so that's the first thing.second is you must be very careful.. there is a ton of fraud goes on selling US properties to foreigners.. choose wisely mate..

Anyone know anything about the procedures in Louisiana for setting up a "Personal Care Home" vs mere room and boarding for special need individuals.? 

I am reading "Rich Dad's Real Estate Advantages" and the authors reference a $1:$9 accelerator to borrow 90% of cost of an investment and use your own money to cover the remaining 10%? 

LLC electing S-Corp status is usually beneficial when flipping houses, but be careful that your CPA helps you with the "reasonable compensation" aspect- as that would be the main audit risk.

Being negative right off the bat is not my idea of an investment, especially here in Texas where it is not to hard to find a positive cash flow situation.  

I am considering an investment with Baceline Investments (David Puchi) and would like to know if anyone has experience they would care to share with either David or the firm. 

However, they've provided zero evidence of an unsafe condition.

Louis is very block-by-block so you will need to be very careful when evaluating deals in the area.

@Phillip Davis be careful of the repair number, I would use the breakdown on there to see where those cost come in and what will need to be fixed.

In our area they care I got caught between the new rules and it cost me a 19k fine plus the clean up of another 20k on a house that if I demo it a year before would have cost 10k or so total.. ..