This may very well be the newbie in me but it would be a tough sell to willingly get involved with a property that has negative cash flow for an unknown period of time and wait till the sell to regain/ make your profit. 

if you manage your own properties in your older years, you might not be able to physically maintain the property properly. 

It would be MUCH more instructive if you drove down to the courthouse and pulled some physical case files.

i didnt know but podcast 181 the lady talks about lancaster as well being a "hot market" for flippers...perhaps I am already late to it.i am glad to hear you have done well.  

John sorry for the noob questions but I just realized my out of state LLC doesn't have a physical address so I'm not sure what address would go on the checks when I open the account.  

You take the opposite type of strategy, and it may very well be better in closing deals but I'm wondering if I find it ethical by my own standards.

Expense allocation can vary widely depending on the type of physical structure, number of associations and the legal structure of the association (condominium vs. co-up vs. planned development, etc.)

Never know unless you try and you have already physically started a campaign. 

First and foremost I want a GC who doesn't lie through his teeth to win a job bid or prevent me from firing him for sloppy work and poor leadership of his work crew.I want a person who says he is licensed,bonded,and fully insured to bring me physical proof of said items instead of challenging me,"Don't you trust me pal?".

Well, being balanced makes sense.Here is s good rule:Take your age and use it as a percentage of safe, and subtract percentage from 100% to determine how much your portfolio can be risky.So, take a 40 yr old investor, 40% should be paid off, and 60% of his rentals could be leveraged.This is a rule of thumb, but a good one to consider in your real estate investing journey.