And when it comes time to do business there's plenty of very knowledgable people in the industry, or else people with deep pockets that you can find out there who you can start building business relationships with.

., 75-80%+) so that you know that you've got income coming in to apply toward the mortgage without having to go deep into your pocket to cover it.

If so list the name of the company and the discount.

You can always bet on flooring and paint commonly known as a lipstick house which is sometimes harder to find at a steep discount.

It basically amounts to a 30% discount on everything the "company" buys because I do it with pre-tax dollars.It would make sense to me (if this is legal) to run the profits and losses of the home sales into a company (could be as simple as a sole proprietorship or LLC) and use the pretax money to go about purchasing homes.

And in this extremely hot market that were in here in my city he's trying to get a major discount on the price.

Limited partnerships are not the entity of choice to protect real estate assets.In addition to placing your properties in entities, you should have insurance.Finally, to be successful in the rental business, you certainly should buy each property at a BIG discount.

Beekrock,The typical positive cash flow for residential rental properties is you buy at a HUGE discount and do everything right is 15% to 20% of the gross rents.

Usuaully houses that are already discounted often go for list.

If you really are sensitive to the cost then agree a paint contractor discount with a vendor.