Since my margins are predictably tight in the beginning, it'll also save me 3% on the sale of my flip.That being said, it's expensive (about 3k-4k upfront and a recurring fee of about 1k/year), it's not easy.

@Aseebulla Niazi It's all relative...I'm personally not a fan of BRRRR for beginning investors...there are just too many pitfalls to be aware of...there is a right way to do it, but your strategy has to be tight upon acquisition.

If it is tight, I would avoid the laundry.  

After combing through hundreds of emails and deals, all of which were much too tight to work, I found one that had numbers that seemed to work!

So the series owns all the properties, the other LLC conducts all the business, and in that operations LLC, all the transactions are tightly segregated to a given property.Disclosure: I am a client of @Scott Smith , he didn't tell me to set my stuff up this way (some of it was done before I engaged him), but he did give me the thumbs up for it to work this way from an asset protection standpoint.

Of course, often that's where you can find the best deals, and in our tight market, first-time buyers are less picky.

We are a very tight-knit family with complete trust and respect for each other and we would put the agreement on paper.

@Sally Hanan it sounds like a really tight deal. 

@Richard Mercurio I'd recommend the following:1) Give them a deadline to renew the lease (i.e February 15th) at XYZ price.

Hi Folks - Im in a very tight market (low supply) high demand - buyers market.