Since you have access to a mentor and financing, flipping could be a good option to generate capital quickly, which you could then reinvest in rental properties.Foreclosures: Flipping a foreclosure can be profitable, but it can also come with hidden challenges like repairs that are more expensive than anticipated.

After reading through old forums, I believe this is my best option....I am planning on opening another personal checking account, and getting a personal credit card.

My partner and I put in equity 50/50 and got hard money financing in the beginning to put less down, and then we either refinanced or 1031 exchanged into larger assets.

Wouldn't you rather avoid the claim in the first place along with the time and expense, increased insurance premiums, being limited to surplus insurance carriers etc. rather than absorb claims simply because you have an entity? 

It is occurs at the closing table then the options used are much different than what occurs during rehab.

It took longer than we would have liked and it cost more than we would have liked, but we made a significant profit.

Because his REACTION to my offer is going to tell me more about the possibility of make it a deal than all the prior research as to seller’s motivations, wants, needs, etc.If I make my offer and never hear back from the seller, I know there was no deal to be made in any case.  

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

Once docs are prepared i would budget $2500 for attorney review etc. which should be more than plenty. 

.), you can legally pay a referral fee on a commercial mortgage loan, as long as the referring source does nothing more than call you with a name and phone number of a prospective borrower.However, if the referral source — say, a commercial real estate broker — starts to negotiate terms (rate, points, term, etc.), then he is working as a commercial mortgage broker.