@Roy - talk to tax advisor about incorporating.

For true private money lenders (not hard money), both parties naturally need to be protected but more so the lender since their money is at risk.

Just the nature of the business 

With my background as an electrical contractor, flipping seems like a natural choice, however, I'm also interested in BRRRR as I'd like to hold some properties and rent them out.

Same with the financing of the notes / portfolio when interest rates go back down and you wanna extract equity for a non-taxing event.Monetize your detailed nature.  

@Paul De Luca and/or @Jonathan Klemm - would you be willing to share your Chicago-specific lease agreements or what language you use in your leases for the early termination so we can incorporate that into our future leases?

What you are doing now is changing the nature of your business model and that costs money. 

If there's local boom in industry we should see the effect in immediateterm not in short tem, so what really happened in 2020-2022 is really big mistake by Fed.Also it seems very natural that in the next ten years we see lot of consolidation in the big business, much less small biz owner, and everything is owned by the conglomeration of some very powerful big names that generates cash from their operation.America is going to be more controlled by big company regardless who is in power in the goverment. 

People should create zillow listings with a link to this discussion thread so applicants understand the flimsy and unreliable nature of the platform.  

Given the nature of this quick flip, our value addition was primarily in identifying the property’s potential and executing a timely resale.