Not all of the permits are painfully complicated.

We use brokers.I know you wanted me to just say a note and deed of trust, and I'm not trying to complicate this, but it's for the protection of your friend.  

Hello Everyone,I have a property that I am looking to buy that is a bit of a complicated one for me that I need some help with.

If you have never done any flips before, be prepared to HML wanting more downpayment or cross collatarisation, especially when we are talking about a complicated rehab such as fire damage.

If any complications or defaults arose, the client could recover from the lawyer because no other lawyer could defend the client lawyer's recommendation that the creative deal was sufficient, particularly in hindsight when the client has now suffered a loss and made a bar complaint.

The pro's of creating a fund is access to large amounts of money instantly (once the fund is raised) to fund your deals, but the cons are the legal, compliance, and costs associated with a fund.The pro's of the private money solution is a much less complicated relationship than a fund...but the con's are that you have to have a bunch of private lenders ready, willing, and able for every deal you find.Curious what the BP community would advise?

I understand there is a lot of complications with out of state investing, but it seems like it can be done and that the rewards can be worth it!

The reality is its a lot more complicated than that.

Also, need some advice on formation of partnership which gets complicated when you have 3 to 4 investors.

So I took someone based on her divorce decree and child support initiation, not realizing that while the Ag office would enforce child support, it was complicated if out of state and if employers changed.