@Ryan Wilkerson put the money in the bank and keep it for operation costs..get our site up to date...host a networking event at your current flip...do not spend on mailers...let the wholesalers do that and you go find your own deals by networking with agents and searching online yourself. 

(They have online classes too.)  

More points of entry and access ought to result in a more resilient economy, but it can also play the other way - by having so many small operators, each could be loathe to part with his/her money, meaning that the system can freeze up pretty easily because of the lack of well-fortified employers that can absorb economic shock.

Hi Account Closed, when you say you are searching for properties for sale by owner, does that mean you are finding them through direct mail, door knocking, etc.. or are these listed online as "for sale by owner"?

Hey Benjamin, if you become a pro member you'll have access to their calculators for analyzing deals like yours.Ross

Setting up an Operating agreement, can this be done online through a template or do I need outside help from an expert?

I'd be hesitant to use contracts you find online (including BP) without having them reviewed/edited by your own attorney. 

I'm thinking to do it online so I can complete it at my leisure.

If you or anyone else reading has input or any access to deals like this, I would be very interested in hearing from you.  

Take the classes online and go at your own pace.