I am still conducting due diligence.I spoke to some family that are police officers in the area and they informed me that this property is in one of the roughest parts of town. 

Essentially you have a property management company conducting the high risk activities and a holdings company that holds the assets.  

Agenata@william I am looking for a place to organize all the projects to conduct flips.

-You can always transfer money into an LLC ("profits" from your properties if you want) but that's just called capital investment INTO the LLC and not "profit" since for it to be profit the LLC would have to conduct a service or provide a product.

I also believe business should be conducted with honesty, loyalty and by not being greedy.I have witnessed and heard stories from investors getting cheated by many PM's in Rochester that would tack on stupid fees on top of maintenance calls.On a few occasions it was proven that no work was even carried out and it was a fake maintenance expense.Its very sad to see these these things happening.Thanks and have a great day.

Inspections usually range anywhere from $300-$700 depending on the quality of the servicer and any additional tests or bonds that need to be conducted.

How do you vet the investor from the window shoppers ? 

I am an excellent tax and asset protection attorney specializing in real estate and businessOur focus is on simple, inexpensive and powerful structures that are:1) easy to understand and fast to implement2) easy to use to conduct business and transactions without on going attorneys help3) easy to modify or change4) easy to unwind or cancel5) easy to pass on to loved ones in the futureWhat we have successfully done for our clients for years is strip the equity by placing a special kind of lien against the equity of each of their properties.There is a way to do that with legal reason and the liens are to their own LLC (just one LLC entity in WY that can strip the equity of all their portfolio of properties making it impossible for anyone to collect anything beyond their insurance coverage)By the way the structure I am writing about here keeps our clients in full control with no on going fees or modification fees and they only pay a small amount to keep that one LLC current each yearThis of course has to be structured prior to being sued because if you use our services to structure your assets in this manner, it will only take 3 days but if you have a lawsuit that has been filed against you, there is a 50/50 chance the plaintiff's attorney will complain to the court that the liens were placed after the lawsuit had been initiated.Let us know if we can assist you since you needed guidance

Bad-conduct discharge, forfeiture of all pay and allowances, and confinement for 6 months.

You are also conducting a business transaction with funds you do not have unencumbered control or possession of, this is brokering.Wholesaling notes is not the same arena as wholesaling real estate.