My partner and I are looking to dip our toes in the REI pool and realize the promise of financial independence.Our plan will most likely include creating an LLC to provide protection (tax, liability, brand), starting with flips to build capital, diversify into buy and hold/BRRRR to build wealth, and finally retire in about a year to live life ;)We've been lurking on BP, reading @j_scott and @brandon_turner, and listening to the podcast.

Also its great to network with other brand new agents.

But the key is to managing it successfully and this is where most people lose their shirtLong story short, we slowly removing non performing tenant and move in good tenants.

Immediate Value: I own several Ecommerce stores the resale popular brands in high volume as well as import our own brands directly from China.

During the feasibility period you will want to:1) Perform inspections of the property2) Get estoppel certificates from all the tenants3) Get all leases4) Get copies of all financial information, including copies of all expenses paid for at least the last year.5) Get rent roll6) Determine if a certificate of occupancy is required, and find out if the seller has one.Those are a few of the items you will want to see during the feasibility period.As far as the HVAC, if the unit was installed in the 80's, it's well past its useful life.

(They should perform at least a quarterly inspection.)9.How do you handle capital improvements?

Hi all,Went to an investor's meeting in my town and the organizer invests in performing and non-performing notes.

Chicago BP'ersIm doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago. 

BP'ersIm doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago.

Im of the mind that I can use my working time to  search, contact, analyze, etc properties for flips or I can use that time and energy for networking, finding leads, establishing my brand, etc--I do expect this to be somewhat biased as this is a real estate investors website.Look forward to hearing some input on this!