You can remodel them, but before you get involved you will want to consider that they may be more difficult for your end buyer to finance.

Got my RE agent involved so I can find out more information.

@Michael NavarroHey Michael,     There are some great groups to get involved with that have meetings next week.

If it is an income producing property, it should be:1) An LLC created in the state of the property (West Virginia) - especially if there is a lender involved; or2) An out of state LLC that is then registered as a Foreign LLC in the state of West VirginiaOption #1 is a little less complicated and generally less expensive.Talk to your lawyer and CPA and get their advice.I am not your lawyer and I recommend you hire one to get appropriate advice that is specific to your situation.

He is still a person with needs, that don’t involve money, and interests like other people.

You just need to ensure no disqualified parties are involved in the transaction, and that the note is in conformance with state lending laws/disclosures.

Now, after many years, a drive to succeed, and working with a mentor, Clint has been involved with several flips and now has a portfolio of properties in Cleveland, Ohio."

I wasn't involved but it sounds like that dude misled a lot of out of state investors into buying houses in the hood that were supposed to be rehabbed and never were.

So there's no government involvement.

I think there's pros and cons to both, but to be clear in other scenario I want to lead or be actively involved in finding and managing the deal so I can begin to build up that muscle.