I will try to answer some of the questions.First, off, these are very basic process questions and I realize you are new to investing.

Thanks guys i appreciate Ned Carey Thanks Ned I will definitely check those out and leave a commentBrandon Turner Love it and so basically stroke the ego?

Welcome Adam.I Live in and own a duplex in Apple Valley and have basically lived in the Twin Cities my whole life.I'm sorry to hear about your initial experience renting your condo!

RE math is not difficult, what can be difficult is to know when to divide instead of multiply or how to set up a simple equation, recognize the proper way to set up the math problem.Can you sell ideas, concepts or things?

to make a offer on my first deal should i just try and guess a repair cost. i really have no idea what to look for besides basic appliances and things i would change but cost wise im in darker waters. im also guessing that the end buyer already has a contractor that will do the work so bringing in my own to do a estimate is useless unless im the end buyer.

First you need some basic business consultation and you can get free advice from SCORE, google that and follow from there, probably have advisors near you.An LLC is sufficient to do anything any RE, the type of business structure has very little to do with the nature of business conducted, as a small business your considerations should be based on tax matters, ease of adminitration, flexibility to conduct business, ability to obtain financing and insurance and lastly liability matters.

The day 90 was basically so you're not permanently tied into the property.

Therefore, I'm very curious as to what plan he came up with in regards to capital gains as using the S-corp essentially negates that unless you're holding long term and for other reasons.They can look at your other activities and other corporations in an audit, so don't think you're too lucky.J Scott basically repeated everything I've stated in other threads.

It is extremely competitive and to really have a decent chance of getting anything you have to be bidding basically everyday on multiple properties.

He goes up to my Realtor, says "hi", and ask's me to leave so he can talk with her in private and I'm basically just shunned out, and leave...I don't mind my Realtor talking to him, but man, that guy just made me feel small...