If you're going to be buying multiple properties it may be better to have a mix of both umbrella & entities.

Sounds good....looking forward to it.Maybe we can grab drinks with Jon and/or Edward when I am up there in March.

I know I just gave you a drink of water with a fire hose, LOL!

Coincidentally, a few doors down from my first rental property, the city has put out a RFP for a .5 mixed use development.

Florida is a mixed bag.

I always say to those people 'mixing feelings and business is a great way to stay broke but you must like that feeling' or 'you don't deal with money, I thought you were in the business of selling houses but apparently your a social work who likes monopoly money that's interesting tell me more'....lol just ways I like to play around with those guys if your gonna jerk me I'm gonna jerk you but anyway........I like both the fake money and and sticker ideas though, both worth at least a 'litmus test'.

Recent SOLDS of your immediate area will show what buyer expectations and price points are for the the location.Remember ACTIVES are the sellers expectations which mean nothing.You will have a mix of sellers with realistic to unrealistic pricing and different levels of motivation.So you have to take active pricing with a grain of salt.Also with solds an investor might have achieved a high sales price but gave away the farm in concessions making their walk away NET less than an investor who sold for 6,000 lower.Drilling down to your local demographic versus the national picture is key when flipping.

Sounds like you took a weekend get rich quick boot camp and got all the concepts mixed up.

Drink the BP kool aid!

We've seen deals like this go through because the cash flow was enough to service the debt, but those situations tend to have experienced players in the mix.