I also had multiple brokerage accounts and a K-1 in a publicly traded partnership (not real estate-related).I have to agree with others that an LLC doesn't provide any tax benefit.

Myself, I had a dozen years in the trades +, veteran of being foreman and job sup., for me running a site reno was old hat so I just had to learn the other sides of things and I have seen that is most often then not similar to most successful flippers, that had some major segment of it mastered already.

Many of the men in my family have their own trade business and are very familiar with the other contractors in the area, so my intent is to leverage that when I take the dive into rehabbing a property.I'd welcome any tips or advice for the (very general) plan laid out above.

As a landlord I would never trade rent or purchase payments for labor, never. 

Should I hold for cash flow or trade up?

Hello All,Working on finding properties in the Jersey City (JC) area to buy, renovate and then rent out.I live in JC but most of my construction contacts are working and licensed in NYC.I would like to pull my own permit and bring my individual trades in to work under my permit using their own insurance.Obviously electrical, plumbing and other specialist trades would have to pull their own permits with the city of JC if I require specialist trades.It would be mainly cosmetic work that I am taking on.Can I pull my own permit on a property I own in JC?

By trade I’m an experienced investor principal, expert creative problem-solving-independent RE and financing consultant —always focusing on planning and execution of real estate wealth building programs for clients in their best interest.

You need to become a master of the trade.6.

You are trading a lower payment per month, thus less money put aside per month, for some cash now with the 15 year loan.

I wouldn't trade those years for anything though.