If you ever gain a partner, you can then use that same EIN to file your partnership taxes.Since it's cheap and easy, get the LLC setup out of the way from the start, and you'll avoid all the questions you asked down the road.Oh, since DeuterInvestments.com is still available, and you've mentioned it publicly, I recommend purchasing it asap before some squatter grabs it.  

This agent has been lied to and given false assurances by her go-to lender, probably repeatedly, and based on that she may very well be exposing first time homebuyer $45k earnest money deposits to a crap ton of unnecessary risk (She didn't say WHICH clients she was using the 'no contingencies' trick with, so that could be incorrect).

The real key is whether you're handyman and/or other trade guys (hvac, plumber) will travel that far.What you don't want to do is have different trade guys for different areas you're homes are in - if you can avoid it that is.  

This would also limit the paper work to the business as a group and avoid going through each of the properties one by one.  

I avoid Chinese drywall homes because it has a stigma attached to it even if the property was remediated.  

if this is your first flip I would avoid HML until you get more experienceIf you have the money to buy the house just work you butt off fixing the house from the money you make on your day jobGood luck @Lawrence Lloyd paclob

And you'll never have to cold call, which most agents avoid like the plague if they can help it.

1. How do I ensure a contractor doesnt go over budget or time? It seems like this is a recurring gag and is almost considered unavoidable amongst some homeowners. If I want to flip, this is the last thing I want. This...

You completely avoided my questions.  1. 

I know that the IRS gets picky about using single member LLC's to avoid taxes.