@Linval T. 

@Linval T.  

So we ended up buying a few of the family’s properties and hired C to continue to manage them all.C was a teacher who wanted to do real estate full time, since we could not replace his teaching salary with PM fees at this point we agreed that we would try to ramp up during the school year so that by the following spring we could afford to replace his salary.

Yes, I realize that a decent tort attorney is going to be able to pierce your LLC and get to your personal assets in the event of some egregious negligence on your part related to these properties, but there is still a modicum of protection afforded to you with them in an LLC that is not afforded to you when they are titled to you as an individual.My other suggestion would be to talk to a CPA and a decent Business Attorney or Estate Planning Attorney (or both Attorney's) and determine based on your overall individual picture which is the very best way to hold your REI portfolio moving forward. 

Don't give up, the bank is not human - they are machines - they don' care, they have no emotions, there is no one to negotiate with, they go home at 4pm, they can afford to keep the property until it falls apart.........GET AGGRESSIVE!

Couldn't afford to pay contractors, had to learn and do it myself.

NO agent in their right mind would give this out.. they could lose thier RE licensee plus in our market its a 20k fine.RE license is basically easy to get if you can't study and pass the test then you have bigger issues.. and if you can't afford the 1k or so a year to maintain it .. then this is probably not the industry for that person as well.Poor advice to have someone just give out their MLS code

I am currently interested in flipping in my current market of Lynchburg, Virginia, even though it is a smaller market, it is quite affordable and Liberty University is growing by leaps and bounds year after year.

Hello @Tracy T., what school did you attend?

I would then continue saving until I can afford 20% on future investment properties.