It is modeled on British system.It didn't give any more details, so not sure if it will only be limited to corporations or be extended to individuals, in particular landlords.

The 20% will just sit there until rehab and refiancing is done then it will be released.I'm about to do this same thing with an REO that has an ARV of $170k (same model home down the street being listed at $179k).

As long as you stick to your current business model, these prospects are no longer interested in your property.

This is excellent advise and exactly my business model for rehabs.

Corporations require more paperwork, annual registration report and they are more expensive to form.I assume your property is in the US and you are running the landlord business from overseas, but through US business model and tax reporting.

I would venture to guess that the operating agreements of the five that you now have are very similar and can be used as models for any that you add to the series.

On my applications I always had make, year, model, color of vehicles and license #.Since you have a judgment you can run a credit report, the new address might pop up after awhile.You might ask the next time you go to court for the court to order the disclosure of the SSN (but you should have nad that) they probably have it as service was probably required.People are creatures of habit, begin with what you know.

If it took 4 months that is 5,625 a month of income which is not bad.It seems your model is predicated on your partner being the contractor.Won't the fact that your partner has to do most of the work keep you from doing multiple flips at a time and increasing income??

Therefore, you as the business owner pull in $3,000 profit.That's way to simplistic a model to get a reasonable picture of revenue/income expectations...Most PMs have multiple sources of revenue:- Monthly fees off gross rent- Placement fees- Maintenance fees- Renewal fees- Kickbacks from referred vendors- Etc.Even just the income on the gross monthly rentals fees will depend on:- Average rental price- Average vacancyAs for employee costs, if your revenue is low, they could be 100% or more of the gross revenue. 

According to their modeling this note should have defaulted.