Having someone else give you another loan in second position behind your primary mortgage is exactly what I meant! 

That's a potential red flag but assuming he has a valid reason then not a big deal.What is meant by minimum 10% guaranteed return?

@joe @Joe Splitrock that's one thing I'm meant to mention earlier.

Not an expert but here is my take:As I understand it, FHA is meant for owner-occupied properties.

My understanding is that an LLC is meant to be the same as owning it directly for tax purposes.  

You probably meant West of Q.

Sorry, when I said "buy for less than 80%" I meant after repairs.

Sorry, I meant Chris.

Originally posted by @Alamen Ems:Thanks guys, yes that what my understanding too can't get loan for flipping houses from the bank.I found some private money lenders but still kind of scary.I got to the point where I have to start and I am ready for the new challenge and the risk It looks like what you MEANT to say was: "I found some HARD Money Lenders", right?

I've found the transition from what we've been doing for a long time to the next or alternate chapter to be a longer and more fluid process than 'in a few years I'm going to do x all at once and go in direction y'.