Acquisitions/Business Development, Operations Manager, Bookkeeper, with the associated responsibilities, experience necessary, and goals for the position?

I have seen many people who thought they knew all the rules do something that was prohibited.I always suggest, if going that route, you have an experienced ERISA attorney set up the operating agreement and have them available for consultation for any transactions.Jaime

We have ties in Jacksonville and Orlando and that is where we would like to start our operation with flips.

There is also a 0.1% monthly Asset Management Fee, as well as possible Financing Coordination Fees, Property Management Fees, Disposition Fees, Leasing Commission Fees, and Other Operating Expense Reimbursements. 

My wife and I have been using the BP method of calculating operating costs for rentals in Houston but we were starting think that just using say 8% for maintenance, 8% for vacancy, etc is fine for a place that only commands $1000/mo in rent but really penalizes a place that commands $3000/mo in rent making it impossible to find a good deal.

Hello all,I'm a property owner and operator in Southern California.

@George TorresIf you're trying to turn the the flipping of in real estate into your full-time job or one of your main jobs, then look into the ROBS 401k (Rollover as Business Startup) as it will allow you to use all of your retirement funds tax and penalty free to finance a real estate operating company provide a you are an employee of the business and therefore you can draw a fair salary. 

Would love to get together and share ideas and strategies in this market.I'm a Realtor as well as a Flip/hold SFR since 2011 and also own and operate small MF in the area.Thank you,Carlos Gutierrez

There’s less appreciation potential unless the investor repositions the property and improves operations.

You can have all of the benefits of Trevor's viewpoint without assuming all of the risk.An LLC is litigation protection from suits not covered by insurance (any alleged intentional fraud, gross negligence, health code violation, etc.)You want an LLC to hold the assets separate from yourself or the operations of the company.