If this needs a wall-to-wall gut, it's a project that will often sink first-time flippers if they don't have established provider relationships and fully vetted contacts.

For a new investor I'd say take this time (at the top of a market cycle) to establish relationships with a team that can help you when those deals are more plentiful.

Once his feet are back on the ground you can establish a true value.

Both federal and state politicians continue to stick their fingers in our business with various regulations.

Establish LLC for flipping business to save myself from personal financial liability or lawsuits3.

Would it be better to 1031 exchange into multiple turnkey single family homes that are already established and can cash flow within a month to two months?

I would largely consider JC to be worth considering and checking out, depending on the condition of the building in question, but I imagine it's going to take a few more years before it becomes and established area like the west side is.

unlicensed activity because its so prevalent these days is just starting to hit the radar screens of the regulators its going to get tougher..

Different attorneys will tell you different things, which is truly a shame, but if your partners are completely silent and are expecting a return, then you are walking on the line of a syndication with comes with additional sec regulations.

I do know that anyone looking to do parking garage developments in city centers will be out of luck when self-driving becomes established.