Totally in agreement with Bryan H.

For a fun read, you should totally check out How NOT to Flip a House: An Embarrassing Story of Wasted Time, Money, and Opportunity.

I have connected with a total of 6 local investors who are active rehab and buy n' hold investors.

Originally posted by James Vermillion: You know the lady that sued McDonald's because she spilled the hot coffee on her lap...totally off topic, but the McDonald's hot coffee lawsuit is often used as the poster child for frivilous lawsuits.

I just finished show 7 and I'm totally hooked!

They're totally crazy, irrational, and absurd, but we keep going through it because we need the eggs.”-- Woody Allen, Annie HallI think you’re both being pig-headed, Steven.

Originally posted by Bill Gulley: the SLO is by far the least desirable contract, a straight lease option would then follow, a contract for deed would be better and the Sub-2 would be the best since title is conveyed.I would agree TOTALLY to this, but add...If acquiring - controlling, Sub2 - best, then, it depends....Lease Option AssignmentROFR (Right of First Refusal) and a leaseContract for Option plus leaseContract for DeedWrap Around Mortgage - All Inclusive Trust DeedLand Trust - Assigning Beneficial InterestAll the above have strengths and weaknesses.Then LASTLY Sandwich Lease OptionYou need to be a sharp REI with amazing systems in place to do a volume of these.

Before that purchase, the 3 of us were looking to each contribute 10% of the project cost(purchase plus renovation) to the LLC for our 1/3 interests.For example, the LLC buys the property from me for $100K and we do $50K in renovations for a total project cost of $150K.

Totally depends on the way it is set up.

Seller is an older couple who is liquidating their holdings.Each unit is rented until 4/30/2014 at $350 a unit for a total of $700 a month.