So you simultaneously register your LLC when buying the property?

Your cash number sounds fine for 1 flip but you'll probably have to tap into that equity line to carry 2 flips simultaneously as you wait for 1 to sell while beginning the next.

For all practical purposes, its the same job as a real estate agent.

Sometimes the chains are not all recorded and they sit in file, although that practice is less and less prevalent today.

You could consider creating an LLC just for your management practices so if you do something then they go after your LLC first.Check with your insurance carrier before you do anything.

What is done in Texas may not work so well in Idaho or Maryland.After you are familiar with the rules, regs, lending rules and business practices, you can look at systems or programs as ideas to adopt, but at that time, you'll know what is bs and what might be helpful to you locally.

These penalties can be very hefty and make it not make sense unless you wait so many years into the primary lease to pay off.I don't know if you are using a specific NNN attorney for your needs or a general practice attorney.

Prudent lending practices, not just secondary market guidelines, require lease-options with rent credits allowed to be viewed in light of fair market rents being assessed and only amounts paid in excess of fair market rents be credited for financing purposes.While you can agree to rents of $500 per month and credit say $200 toward the purchase, lenders won't accept the credit unless the fair market rents is assessed at $300 a month or less.So, what you have with agreements drafted in such a manner are two parties who agree to a credit thinking that $200 is being credited, say for 24 months allowing $4,800 toward the purchase price of say a $50,000 house.

On mine, there are only two of us and it doesn't meet county requirements due to culverts, being on the side of a hill there is no water issue so we will keep it private so we can have target practice....

Again, just to reiterate, there's a huge difference between getting a 'quote' or 'rate and term' from a lender and keeping several lenders going simultaneously all the way to the closing table making all of them do a large amount of work only to find out the borrower is closing with another lender for 1/2 point less as a loan fee or something crazy.