I am an IT professional and I am just looking to supplement my current income as well as prepare for retirement.  

In preparation for my first flip, I would also appreciate any recommendations on quality contractors that others have worked with successfully.

I am preparing for receiving Brandon Turner at tomorrow night's meet-up in Lima, which is growing huge!

The more you prepare and test your ideas, the more you learn your market, the greater knowledge you will have, the less likely you are to make mistakes, and the more confidence you will have to move forward.  

However, I am prepared to pay, I'm just more careful with my selections now... live & learn.Like I said before, the information you provide on this site has proved to be more valuable than some of the other programs that I actually paid for and I'm sure there are many other BP'ers that would concur.Thanks for the info. and I'll be getting back with you.

You still may be liable for NC depending on how and where the income is being produced, a good tax prepared has ways. http://www.borelassociates.com/topics/Series_LLC_in_Business_Planning.pdf http://www.matnsorensen.com/utilizing-multiple-llcs-a-new-series-llc-state/ LLC is new to REI it will be interesting to watch history unfold, not here on BP, in courts across the country.

So unless you are prepared to go through all of the hundreds/thousands of your addresses to make sure that they aren't on the MLS first, you're absolutely going to mail to houses that are currently listed with another realtor and odds are they aren't going to like it. 

They wanted a later closing date, but when it came down to it, they wanted the house more :)They are prepared (and legally obligated) to pay both rent and their mortgage for April.  

But given a grace period of 6 years of income & the significant reduction in sale price, we were more than prepared for the expense.be tough, be very tough on the buyP.S.

This technique often leads to a management nightmare as they, or the management company they have chosen, are not prepared to properly screen tenants and manage a rental property in a distressed community.