In other words, the person with the most toys, wins... not the person who paid the least amount of tax.

And not only extend inspection period, as you noted, but also clearly state that further negotiation can be done based on any issues outlined in report.But overall, based on what you wrote, this sounds like a pretty reasonable seller.

based on what I looked at with the calculator the mortgage is around $2400 monthly not including extra fees. if rent is around 2000 a month you'd definitely be under.

I complemented it looking for more documents at the IRS site with Lance’s words and it was extremely helpful.Indeed, a multimember LLC can select how to be taxed sending a form to the IRS and, If taxed as a partnership or corporation, not be subject to FIRPTA because it is not a flow through entity (for this tax withholding purpose ) anymore.Anyway, I want to have a meeting with a real estate experienced CPA in the DFW area in order to clarify any details and establish an LLC with everything covered.

It's not a good use of an experienced flippers time to set up a Zoom or meet you based on that post.

Which means that there are many times more owner occupant buyers than investor buyers and owner occupants buy based on comps, whereas investors buy based on cash flow. 

Two things I would say that are now a must for me if I were to go back on the market is the software would have to be web-based and it must have the ability to integrate with other software.

As far as what most of them do - they set up a simple filter based on the info that you gave them, then you look and find houses that you like within the filtered range, contact them and let them know you want to see it, then they show you the house (based on their schedule around other clients).

Balancing the cost and the risk while keeping your property in good shape is the game here, so take it step by step.

The critical factors in any STR are nicely themed rooms, a higher end game room, modern decor, and a good view from the pool area.