it would depend on your understanding of title and recording of Deeds, as well as drafting  the quit claim, I personally buy a lot of my portfolio at sheriff sales, and often will use my personal name until i decide what LLC im going to put it in,  I will then quit claim it to that LLC, in this case though there are no loans involved (buy on LOC then cash out after rehab) Im a broker and will draft my own quitclaim and go to the ROD office and record it. that being said, if you are asking this question on this forum I would recommend asking for guidance from a local title company, maybe pay them to do one for you, but ask them to teach you how its done. good luck  

I heard about Bigger Pockets from an ex-roommate who was involved in real estate when we were discussing ways to invest years ago.

I would be actively involved in these flips: finding the deals, analyzing the deals, writing up the offers, doing some work myself (I'm semi-handy), working with contractors, and eventually selling the properties.Naturally, I started the hunt for properties!

The nice part is that I need $27K down payment for the $135K property and $22.4K for the $112K property which I will use the line of credit to pay for.

The best part is it's one of a very few places on the planet where I don't have to spell my surname!

I know it is tempting to assume that since i got citied my PM isn't taking care of the property but I use a 3rd party service to check my properties  randomly. 

Best case scenario, this could snowball into financial independence for everyone involved. 

@Gary Ahu it sounds like he has other interested parties that he'll contact next year also in order to get the best price. 

You could visit the site daily or weekly, you could require them to send pictures at the end of the day, or you could have a third party inspect their work.

@Abel Rodriguez Make sure you know what's involved with Sec 8 rentals.