I'm a contractor and flips can be tricky unless you have your processes, contractors and models/projections down pat.By moving from wholesaling to buy-and-hold, or better yet, fix-and-holds, you would get a sense of the cost to fix properties, you would start building your flip team all while your residents/tenants are paying for your mortgage and part of your education.That's the path that I've taken with my business.

Most of the work, risk and expertise is falling to you and your brother.

Once they have the manufacturer and the model, they need the year of the home and the actual size of the home.

All REIs need to have an understanding and a level of expertise on so many topics in order to be successful!

if it was not then no one would ever form a corporation or LLC.As to the tax benefits that is outside of my area of expertise.

I've been studying the legal aspects of tax lien investment for a while now and am moving on to trying to model an investment.

My experience with attorneys is that don't venture into unfamiliar waters usually, if something feels like it's beyond their scope of expertise they will make a referral or point you in the right direction.I suggest you stay away from those that advertise on TV, really good attorneys don't need to advertise. :)

Douglas,We've developed some economies of scale and definitely a lot of buying power with our contractors due to the number of renovations we do, but I would assume our model ("contract everything out at the best price and highest quality possible") is very similar to your business.

We have way more interesting stories when we hang out with friends.Also, our net worth is increasing faster than it could with the conservative "pay off all debt and save" model.

It does need structural columns replaced in the basements which is a caution, as well as rear decks being replaced as the are build on cinders and not ground anchored.Here's where I need the expertise from BP!