While fixing it up with the money they lend me cause that's the beauty of a FHA loan, while renting it and then selling it after one year or two years while doing the 1031 exchange. 

Leverage can be a beautiful thing in real estate but those mean old bankers are trying to keep you from over-leveraging and putting yourself at risk.

He brought equity and creditMy ground team executed beautifully and we all had a great day.. my ground team partner ON TOP of this made 50k running the projects..

They pay us a fee for doing all the work for them, and as a "correspondent lender" giving them a cleanly packaged beautiful loan that was underwritten according to their own criteria, without them having to spend a dime on marketing, processing, originating, compliance, appraising, or underwriting (many end-lenders are so inefficient that correspondent is a better deal than calling that bank or CU direct).Scenario 3: You somehow got it tied up in contract with a 3 month close!

The management company would come after you for the damages since your are responsible for the lease This actually happened to my son i when he was undergrad at UNLV .He idecieded that he wanted to move foff campus after we cautioned him not to He signed a lease with a roommate then did not get along and he moved and found another roommate to take his place His name was still on the lease and he was stuck holding the bag for $3000 in damages after they moved out.

its beautiful right now isnt it?

Many "flipped" houses that I see look beautiful but many have issues with major mechanical systems (the proverbial "lipstick on a pig"). 

Beautiful house, and so much hard work you did, congrats!

Yes you should saw my last flip that was a war zone for a minute then turned out to be the most beautiful one on the market Tell me little bit about yours

BP Gang,But I am reaching out to my fellow investors to get your input and thoughts on the following scenario:Currently own a 6-unit Apartment complex in San Jose, CA held in an LLC formed in beautiful CAOwn another 6 units across 2 separate properties in Kansas City, MO (KCMO), of which the title is held by myself, my wife, and our partner.KCMO properties have $2mil in liability insurance coverage each, with another $5mil over a blanket policyI tend to agree with the folks on BP who WOULD say, that in this scenario, it's not worth the initial and ongoing costs to establish another LLC for the KCMO properties.