As soon as it became obvious that she knew more about flipping and the accompanying rules than the loan officer, that was the time to back out or at least get a commitment from the LO to triple check guidelines and get back to her before signing the contract.

You do know what ever the repair costs they give you that it should be doubled or tripled?

Avg days on market are double and triple other areas.

@Eugene Lee  those rules were spawned out of the Great GFC... not germane to todays markets in most areas.you can though still buy in areas were there is more housing than people to use the housing and find those rules apply and even more.. those are what we call cash flow markets that's all they are all they will ever be ( in most likelihood) so if your going to invest there only reason to do it is to hit those 2% or better metricswhere we reside on the West coast we generally look for break even and make our big bucks on having our tenants pay down our debts and of course appreciation... you have most folks that live in the non appreciating markets and their mantra is  ( cash flow cash flow appreciation is only luck its not investing  LOL)  and you have those that have gotten stupid wealthy buying west coast assets that double or tripled in value in a 10 year time frame.. take your pick..

Did you get a chance to listen to the webinar on investing in duplexes, triples,  etc this week?

Is that gross cash flow, net cash flow, triple net cash flow?

If we had triple the number of listings, then I would say it should rank.

My experience is you can't get 1) on schedule, 2) competitive pricing, and 3) high quality (the triple constraint).

Commercial lease, like a strip mall, or as in this case, typically use a Triple Net lease (you should look it up). 

Any advice on how to manage these LLCs is appreciated.I hope I am on the right track by dealing with this relatively early instead of when I have double or triple the amount of properties.