Hi BiggerPockets,We have been aggregating data since July on the prices of furnished properties searched for and leased. 80% of leases we’ve executed are from properties with prices that fall at or below those listed below:* Indicates that the Zip code price point reflects or is below the overall market price point.

That's why most people start off buying and financing their first properties in their own name, and making sure they are properly insured, or executing a quit-claim to an LLC after the sale. 

A deed is effective, against the parties to the deed, when it is executed even if not recorded, but not against third parties.  

First, it would be helpful, (actually necessary) to know how much a "decent amount of cash" is equal to.Second, surprisingly, this can be done...a couple of ways.Method #1:  Buy it on a Land Contract...but this depends on how much of that "decent amount" of funds you client has available.Method $2:  Use a partner(credit) for the needed financing.Now there's a third method, a better one, that can't be applied to this property, but your client can execute immediately...without partners, and cash flow immediately as well.  

Doesn't sound like you even want to flip houses so I'd suggest working your plan and staying focused on figuring out how to execute it when you run into an obstacle.

Hi Everyone,So I'm in the middle of trying to execute my first flip. 

This could put you in a vulnerable position where you are negative cash flow and potentially forced to sell.  10% on 5k a month is an extra 500/month.  

@Brandon Henry so I take it from your post the you each own 1/2 of a duplex so neither party can execute the plan without the other.I don't do basement dig outs but have investigated it a couple of different times for different situations.

Likewise, the plan may not receive a benefit from you such as the provision of services such as rehab work.All transactions must be executed at arm's length.  

That mindset was promoted by a known scientologist and while catchy and exciting, it creates a very dangerous, high risk mindset that's rarely, if ever, executed longer than a few days.