The sellers who took their home off the market has placed it back on the market after realizing people are still moving too/purchasing homes in Las Vegas, NV.  

Some were inept, some just realized it would be too much work. 

I am in the same camp as you but also realize the opportunity cost and the ability to acquire more properties.

You have to have contractors if you aren't handy with a hammer, you need to buy well below what you will sell it for, you have to be able to accurately estimate what it will eventually sell for, you have to consider acquisition costs, rehab costs, carrying costs, selling costs, prepare for 6 months on average from start to finish, you need to know about title reports, appraisals, escrow, lenders, insurance, sequence of rehab lists, "oops" surprises, market changes, level of finish, what other rehabbers are using for materials, and realize that contractors don't always show up or finish what they start.

It will be much hard to fill units at that rate, and if you do find anyone, those tenants will quickly realize they have better options for the same rent amount elsewhere, so you'll have high turnover which is number one profit killer IME.

This type deal is not uncommon in Memphis, and out of state investors get burned when they focus on the paper returns and don't realize the unique challenges presented by the tenant class.

Why are you calling the 20 year old in a call center on minimum wage (who doesn't even realize his management makes more than him on each file he or she closes) to begin with?

Hi,I opened an LLC several months ago, but misspelled the name when i opened it.When i wanted to start doing business with this LLC, i realized that the LLC was registered with the wrong name in the city, state and IRS records.After filing a certificate of amendment with my state, the name of the LLC was adjusted and the city/state records have been updated with the new and correct name.I would like to know where i can find out if the IRS records were updated aswell following the certificate of amendment, and do i need to file any specific forms with the IRS in order to change the name in their records?

I currently live in the Silicon Valley and have $70000 saved up, and when I realized that I could buy a property for ~$200,000 in Florida, I realized that if I househack the right property, I could quit my day job (I'm unsure if I actually want to quit my job, but having the option is great!).

Based on other things she has told me, she probably started taking social security when she was younger than she should have and is now realizing that $900 a month isn't enough to live on in California.