Will a 20 percent equity position be enough cushion to remain competitive and successful?

I can't quite remember, but I think he took the position that he could find the people behind the entities, even if they were trying to remain anonymous.

Just to say that you've never done it, inventory is getting thinner, competition for remaining flip deals is higher, margins thinner, and you're not paying cash to get a great deal - but you're also not putting your partner's money and credit at risk?

Does the house remain in the owners name or does the title or deed get transfered to my name.

Hence, they remain relatively flat in price.  

Because the remaining 20% to get from the tenant is very questionable.

So this post is not for those who oppose this method.My question is when I have an item that is not fully depreciated but becomes obsolete (broken microwave) I have done a journal entry to move the remaining depreciation of the item into a repairs expense account.Do you feel that is the correct procedure?

It may need done depending on the length of time and frequency they smoked, and what all they smoked which will remain unknown.

I like this method because for most of the large cities, demand for housing in the downtown, high-rise areas remains very strong, and they have now generated a massive influx of capital they can use to take advantage of a short-term blip or screaming deals that come their way.

http://www.har.com/content/newsroomHighlights are:Single-family home sales fell 10.2 percent compared to October 2014, marking the fifth and steepest decline of 2015;Total property sales dropped 12.1 percent (7,026 units);Total dollar volume decreased 8.3 percent to $1.8 billion;At $271,648, the single-family home average price reached a record high for an October;At $205,000, the single-family home median price also achieved a record October high;Single-family homes months of inventory climbed to a 3.5-months supply versus 2.8 months a year earlier;Townhomes/condominium sales dropped 17.3 percent with the average price flat at $196,242 and the median price down 1.0 percent to $146,500;Leases of single-family homes rose 4.1 percent with rents remaining unchanged at $1,708;Leases of townhomes/condominiums jumped 12.4 percent with rents sliding 5.0 percent to $1,510.