Maybe if you’re using the LLC for tax purposes, but if you’re only doing a couple it may not be worth it.

I'm also hoping to try out the BRRRR strategy in some of my future deals.My main goal is to connect with as many members on BP as I can and help others in their endeavours while learning about real estate investment myself.

@Jon Ankenbauer speaking from a lenders point of view, the seller carried seconds went out some time ago with most of the main buyers of mortgage loans.

My main questions are around how to structure entities, taxes, profit handling, and overall process.Thanks!

If that doesn't work, I'm moving forward anyway and hopefully success will convince him.Also for clarification purposes, he used to flip back in the day and had moderate success with it.

I wouldn't buy on purpose something that loses money.It all really depends on the totality of your purchase and financing. 

I have had my eye on a mobile home park here in Maine.

Mainly just looking to see if somebody else has bought a fixer upper and done the work themselves and if there was any profit selling it after living in it a couple years (to avoid capital gains) Thanks!

The thing is that an FHA loan is for non-investment purposes.

Single dwelling with smaller floor plans are 650-700K in 2016Property under contract 620KCity of OrangeDirectly across local university Zoned: R16000 sq ft3bd/1ba - 1500 sq ft main dwelling$2700 rent for main dwellingmain dwelling needs 50k of rehab on its ownallowed up to a 640 sqft accessory unit with an attached garage that does not count against 640 sq ft.public access way available to accessory unit garage$1800 potential rent for accessory unitHave at it BP.