@Bruce Bell Great points before me, I would just add that @Brandon Turner has talked a lot about this through the years, which is: don't let analyzing what entity you should choose stop you from acting.

You will find a ton of useful information to help you with your foray into real estate investing.See here for the Guides:  BP GuidesSee here for the FREE video series:  The Financial Independence BlueprintSee here for the blog:  The BiggerPockets BlogSearch MeetUp.com for local meetups.And check out the New Orleans Real Estate Investors Association (NOREIA)Best of luck to you!

If they do this, the seller is Already contractually committed, he doesn’t get to pick and choose, and the terms/closing timelines are already set.But on the other hand, since the other buyer Had the contingency of selling their current home, they likely can’t qualify for the loan on this house yet.

After this we spoke everyday making plans for a national company, creating content for videos and teaching others to do real estate investing.Please see where he indicates this in his email (attached)- "The reason I gambled with my time with you is I thought both of us could build a company together regarding lease options and land contracts in the midwest where these seller financing tools are common place."

They simply do not choose to operate their business in a professional manner.

They're apparently having great success, in fact, they're choosing to renovate to rent on Airbnb rather than flip..and I'm talking high-design renos, which means high-budget renos and they're making profits.  

You want to look at the following criteria (stolen shamelessly from BP episode 306). 7 criteria for choosing a market to invest in: Positive Population growthPositive Job growthDiversified economy - You need a good spread of big employers in town. 

I choose my HOR here in ATL.

So far on my channel I have 3.6k subscribers ,1.14MM total views , and about 76 videos generating growth in a short period of time using the Youtube algorithm and Google Search Engine Optimization(SEO).

When that goes well you can move towards the higher risk / higher reward stuff if you so choose.