You gained a fan today.

;)https://homes.yahoo.com/news/experts-rent-control-causes-more-problems-solves-181219436.htmlRising rents nationwide are causing rent control to gain traction — but not among economists, real estate analysts and other housing experts.A whopping 63 percent of experts surveyed for the Zillow Home Price Expectations Survey (ZHPE) said rent control ordinances are “government intrusions into the marketplace that, however well-intentioned, always create more problems than they solve.”It’s unusual for such a large group to agree on a single answer, according to Terry Loebs, founder of Pulsenomics LLC, which developed the Zillow-sponsored survey.

Not sure how fast you are trying to scale your business, but if you've never flipped a house before, it might be wise to use your own money for the 1st deal and gain some experience.  

Here's why:If the owner has lived in the home 2 out of the last 5 years, he gets a $250k capital gains exclusion if single and a $500k capital gains exclusion if married. 

After gaining some experience and having some success, I definitely plan to go larger. 

Looking forward to meeting knowledgable people and listening to all the wisdom that can be gained from BP!

I of course was very welcoming to the idea since I would enjoy getting the experience for future investment purchases and also the gained capital towards future investments.My friend owned the house for seven years and while he owned the house he slowly rehabbed everything including the landscape, the interior, and exterior.

I have signed up for the next Traction REIA meeting.I look forward to becoming part of the community!

I have signed up for the next Traction REIA meeting.I look forward to becoming part of the community!

Still have to pay recapture and capital gains.