Are you willing to sue the seller in small claims court and spend 50+ hours chasing these hundreds of dollars?

I am willing to do YOUR legwork at no cost and follow rules to a T.

Should I slowly go up every month $50 or every 2 months or 3 months?

I would estimate around 50 hours each month, May - August, so probably 200 hours.The profit should be $5000 after closing costs.

Hi all,Tell me if this is a good idea or not:There are multi-family properties I'm interested in buying, but I don't have enough cash to cover the down payment + fees without wiping out.I was thinking of taking out a personal loan to cover between 20 to 50% of a 25% down payment.

For Property managers - experience in 5-50 unit buildings and current amount of units under management.

Should he form his own LLC and then both of our LLC's own 50/50? 

I'd recommend finding a wholesaler in NJ (check out the forums here on BP) and ask them for a referral fee (or 50/50 profit split) in exchange for giving them this lead.

@Jennifer UmbaughTo learn more about the IRA prohibited transaction rules, see the following. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions

Trying to set up some self-imposed 'trading rules' for myself as far as flooded properties go -- to what extent, in what areas, I will play in that segment -- but that is a whole other topic, though, isn't it.So there you go, another new guy in HoustonMark