I'm interested in flipping houses and later plan to purchase a few multi-family properties to rent out as well.  

I think we are going to hang in there for a bit and see how it starts to pan out (if the bank agrees to extend closing) we are not in a huge rush.....we never expected to close until much later in the year anyways.

Then we'll talk a week later, and based on their own numbers, they bought a house with 10% return.Don't rush into a deal just to do a deal.

But you're planning to use this money later, so why would you lock it up in an illiquid investment?  

I wasgoing over the basics of this to myself to seewhat the gains and losses might be say over3 years, buying for self use, renting for self usethen later renting out for self income.

Id do this sooner rather than later just to get her out of your hair.

You can worry about transferring to LLC and having a CPA later as your portfolio grows.

It needs to blend well with the house interior style and wall color so home will sell later.

The right structure can come later; MN LLCs (I have 8) are cheap and easy to set up, no attorney needed.

Thanks Jeff, I will listen to some later tonight