My new bookkeeper initially thought the multiple checking accounts was weird but now she has come around to seeing how easy it is to get detailed reports and information about each individual property this way as opposed to having one operating account for all properties.

But most of the positive reviews I see only mention the initial presentation (which reviews always comment on how great and informative they were).

Hard money usually doesn’t fund the initial down payment but most of the foreclosures are closed using hard money loans.

So initially there was at lease 15% equity and on some the appraisals came back higher so there is even more equity. 

Initially I would become friends with several real estate agents that are familiar with the area you wish to invest in and who are also familiar with the ins and outs of a multi family property. 

I've been wanting to get some advice from people about my specific situation, but there's a lot so I'll try to keep it to the point;In short, I'm wanting to "officially" start my real estate investing journey, making it my source of income - and I'm wanting to do house flipping as my strategy, at least initially.  

He can initiate foreclosure proceedings.  

You're in NY as well as I, so I hear you with regard to finding property and it working for you.   

There is a $500 per day penalty, up to $10,000, and imprisonment of up to two years for the WILLFUL failure to file initial or updated timely reports.Where to file the BOIR report?

This gives you the benefits of ownership without the hassles of “landlording” or playing general contractor—in my opinion, it’s a more feasible arrangement if you’re looking to live in one state and own in another.The initial outlay can be pretty reasonable as well.