Do what you need to do and bill me.On top of that I have a vacancy in one of my condos which I thankfully took a deposit for Tuesday.The good news was I had money set aside for the ac unit and I was able to cover the roof with cash generated from my rentals. 

Hello still experimenting with this process of wholesaling and trying to find houses that would be a good fit for a local investor, so with that in mind I'm trying to find flipper uppers that will generate at least a 15% return for a flipper.

Along the way I check for cash flow, here I deduct all expenses and projections including cost of capital, vacancy, maintenance, PM, capital expenses, from the total income; the remainder is the free cash generated by the investment.

The manager role of the LLC can be passed on to your heirs to insure that the next generation can repeat the process. 

A clear operating agreement will also need to be structured for the LLC and since I read the goal being that the relative is not to sign on the loan, they need to be kept at less than a 20% partner. 

This way you wouldn't need to share living space with your tenants and you'd generate more income.

Unfortunately, typically a far greater number will have spent a small fortune - perhaps one they could not afford to squander - trying to buy the "hope" of the marketing pitch and end with nothing to show for it.IMHO, the best mentors are a seasoned, successful, local investor who is willing to pay-it-forward to the next generation.  

The second recommendation would be to do a house flip with a special and your able to move there and be a "house hacker" and take advantage of the lower down payment.The only other way away from home is to buy an apartment complex that had a minimum of 30 units so that project could afford property management company from that local area, they need to be experienced and understand what you expect in reporting and current operation with phone talking. 

Any good bobcat operator could easily remove that severely cracked up driveway with minimal root destruction .

They also operate at a macro level that it matters.