The software vendor for our MLS system is Rapattoni , and I haven’t even been to the training class, just test driving at this point.My initial focus was to identify good flipping neighborhoods by looking for aggregations of MLS “consumer” sales/listings/pendings (not lender or short sales) in the past 9 mths throughout my broad target areas, in the exit price range I wanted to focus on initially (100-150K).

is a very broad question without knowing more about you and your investing knowledge level.

Hey Matt,I have heard caps are very low there.Everything has to do with investing for cash flow,appreciation,or both and what rate you will be willing to accept.You need to define a pile of cash (how much).That will provide what size of deal and return you are going after.Are your funds liquid (bank accounts),equity pull out (refi),or do you have to sell another property or properties,or have you sold already and are 1031 exchanging into another property??

It definately depends on what size bird you are wanting to charter.

It's a pretty broad question but I will try to give a few basics. 1) It can be simple but it is not easyGreat deals are found every day - but they are hard to find.

Perhaps a business law class would be helpful too, but that training is too broad to be super helpful in specific situations.

Does anyone know where I might find this or what terms are typically used to define the regulations?

There can be some advantages -- in some situations -- to using a C-Corp or an LLC taxed as a C-Corp -- but that's probably not DIY and I would suggest talking to a CPA before going that route.For reference, my CPA defines "reasonable salary" as 40% of net income.

Adam-Thanks for the update, I think you check out the following article ( A Simple Guide for Buying Out of State Turnkey Investment Property ) I think if you have the time on your own to do it go for it, you have to define the value that an operator can bring you, in my experience Turnkey is always premium free.

It's very easy to pick up a nice cash flowing SFR rental in the midwest with a 20% downpayment on a conventional loan.You can get a pretty broad POA (I believe), if your wife is fine with that, that will really let her off the hook entirely on buying/selling/closing/loans.