We have bought 7 houses in 4 years combining personals and pure rentals.

Real examples are pure gold.

A residence is nothing but an expensive doo-dad, so the mortgage is purely on the liability side.  

If cost is purely the issue, there are at least 8 to 11 states where an LLC could be set up at a lower cost than that of California for instance but they may not offer a similar protection or other benefits as in Wyoming and Nevada.

who knows. usually a pure money partner with me spending no money and doing all the work from acquisition to sale is a 50/50 split of the profit. maybe you do that same?

This is purely a numbers deal plain and simple.

I have spent the last few months listening to BP podcasts and talking to investor friends who are doing mostly fix and flips - some of which are for buy and hold and others are pure flips for resale.

This is just pure speculation, but I'd bet marketing management would pay better.

They are gambling purely on price appreciation and they are doing it BIG TIME!

My title was purely to draw attention, and not meant to insinuate that anyone is a 'bigger' investor, or better based on the number of deals, etc.