But I feel when its time to find someone else because honestly I do the research and I look at the demographic area, and look at schools, rents, value of properties and I feel I just bring him the property and all he does write the offer and submit.

Honestly, me charging the tenant for my own labor saves them a significant amount of money on the repair. 

I ended up buying the LLC Master Machine.As an introduction, I am an attorney myself; my practice area focuses on business entity formations and governing documents, i.e. operating agreements for LLCs and bylaws, shareholder agreements for corporations, etc.I can honestly say that the level of detail with regard to the tax citations and reasoning to include such citations is well worth the money. 

But kind of extreme for residential flip situation

I have colleagues I trust and that are extremely knowledgeable who take on vetting sponsors as pretty much their 'full-time' gig. 

@Jay Hinrichs While I appreciate your extreme concern for the seller, I am in a solid financial position and could write a check if needed. 

To be honest, it does not matter to us which the tenant does, since they are scheduled payments and we know exactly when to expect the money in our account. 

This property is in the perfect location🤤 "great neighborhood",lots of drive through traffic, it sits right on a corner of a busy 4-way traffic light intersection🤤🚦➕✅ the location honestly couldn't get any better🤤 .

Hi all,I am new to BP and just starting to research how to start becoming a buy and hold investor under extremely limiting circumstances and was hoping the BP community could shed some light on the best financing strategy to use for my first few properties.Current Financial SituationA little background on my current situation: I am 28yrs old working in television in NY ( making roughly 55-60k a year- yes it is brutal) I just bought my first primary home 2 years ago in Williamsburg, BK to lock in how much I’m paying for housing year over year in a place where incomes don’t increase as fast as rental prices (2 bd for 340k (this is an HDFC which is how I got a home for this price in an area where the median price is 1.5 million) ) so obviously my DTI is extremely high at almost 60% with no other debts besides my primary home (I also have a roommate who pays me $900 a month for her room which helps with about half my total monthly housing costs) (had a great mortgage broker that really helped me wiggle in to my first home)I now have about 75-80k in equity in the home and access to a family trust with a similar amount of money in it and was looking for the best way to turn buying an initial first property all cash into the ability to buy more properties( out of state of course- looking at different areas in the country from PA to TX to TN to FL).

Saying that the property is only worth land value seems extreme.