They have two mortgages one small construction loan and a main mortgage that is an Interest-Only ARM that resets in about 4 years.

Hi @Anibal MejiasThanks for the advices I understand now that from one block to the other, it could be 180 degrees difference My main target and strategy is income rental cash flow, yes I get the market’s appreciation is really low, and yes houses are old, but maybe for flippers, it’s not the bestI appreciate everyone’s advices and thoughts I’ll definitely be in touch Thanks

The main reasons to have an LLC are privacy and liability protection.

So your choices are make 10% on your investment or walk away making 12K on the sale after taxes if you don't do a 1031. 

I request a credit limit increase twice a year on my main card.  

Mainly for “moving too quick.”

I work as a purchasing clerk for the Four Seasons Hotel Denver and focus mainly on buying the beverage for the property including wine, liquor, beer, soda, water, etc.

You look like a spamming douchebag.First card you say your main message.Second card you say something like.We tried to reach you but no response.... and you give a reason for your mailing again.Why do I know  for a fact my answer is the correct one?

The units that I am going for are ones that already have tenants, does that make any difference or do you still feel its a bad choice starting out?

The main thing with real estate investment, from my limited perspective, would be to find the niche that best suits your investment style and personality and learn everything about that niche and do it as well as possible while continuing to learn and grow both your business and career.