They are only future projections.

A preliminary Team includes Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Contractors, and Handymen.Always remember to do a math analysis and try to look at prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you very much.  

I live in Santa Barbara and I'm looking for multi family deals or possibly a single family rehab project.

Shaniqua Dupree Make sure you lets us know about your first project out here

Lessons learned with this project.1.)

How do my tax savings factor into the analysis?

An entity will need to be done pretty soon if you have anything to lose.Always remember to do the math analysis and try to look at the prospective property or at least have a clause in the sales contract that allows you some time (usually about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.  

Long story short, Hurricane Katrina caused materials to skyrocket, we ran out of construction money and used our own, the project ran long and pre-sale buyers bailed.  

You don't want to live in the flip project for too long (too long is defined by your market).  

(Again, if you have not read this document you really should as you could be found guilty of unintentional, but punishable discrimination)Section B"In the second step of the discriminatory effects analysis, the burden shifts to the housing provider to prove that the challenged policy or practice is justified – that is, that it is necessary to achieve a substantial, legitimate, nondiscriminatory interest of the provider.