I have been doing my own taxes my whole life (56 now) and have 5 rentals (don't want anymore) so i feel comfortable about 95% of the time when filling them out.  

The borrower originally agreed but (this is where its important to take notes as the gurus do not teach this),  - what do you do before getting a deed in lieu?

Lots of rehab, lots of potential, and lots of cool stuff to do when I go to see the properties(hahaha).

starting by just brokering loans is a good way to start in states that do not require a license.. raising capital from private investors to make loans is a long process And very difficult if you do not have a long track record or pedigree in the industry.. if someone is brand new they really need to go work for a lender first.. other wise IMHO the chance of success is very small.

Do the advantages of state-specific expertise offset the added complexity of having multiple CPAs?   

What would you do in this scenario and why?

I do not want to spend 20k to replace roof if current old roof still has more years of age left.

How much $ do you have to do fix and flipping?

The more I have researched the area, the more comfortable I am to actually do it.

Now that BP has somehow determined #1 status for some members it might be fun to do a weekly podcast with the #1s in a round table.