If you're using non-state approved forms, make sure your broker is okay with them.The general rules of thumb apply:  Disclose everything and get it in writing.

LLCs had advantages over corporations as they can get your stock ownership but not your LLC ownership due to its partnership nature.

@Dawn TIpton you could use hard money to close this deal, do the repairs and then apply for conventional lending. 

If it isn't visible, I'm saving that extra money and applying asphalt!

There will be no “selling from the stage” just pure unadulterated meaty content that will be broken down into bite size “golden nuggets” that you can apply in your market andDOMINATE!"

Since you're going to live there, part of your evaluation should naturally consider where do you personally want to live.  

These funds are typically held in Escrow and applied to the purchase at closing.

hello guys my name is Alexander I'm here to learn as much as I can to start my path on flipping houses I have a strong background on construction,  plumbing,  electrical,  cabinetry,  paint,  hvac,  pool and others areas looking to apply my knowledge toward flipping houses and take control of my future! 

It would be worth it even if you don't buy becuase the GRM that they come up with can be applied to all places in the area.  

Does the 70% rule apply in hyper-expensive markets like the San Jose Metro area?