At this point I am just trying to get my head around the complicated concepts and like math, I learn the process by looking at real life examples.

Walker's Point and Riverwest, for example, are both pretty hot right now. 

As another example, eXp has their fees on their website.

For example, CA requires reporting and an annual $800 tax on all CA LLCs, even if the property is elsewhere.

Your credit doesnt have to be perfect but you cant have any outstanding items for example recent bankruptcies, not current on most things. 

However I realize that in these markets, profit per unit is so minimal that even a short vacancy can turn into a negative cashflow situation.Here is an example, please let me know if I am missing something;Assumptions:  Purchase price: $100k. 

Fund that flip, patch of land, lima one, finance of america capital, lending one, are examples of hard money.Private money comes from a person you have a relationship with that lends their own money.Some ways to creatively finance a flip: Partner with an experienced flipper on your first deal.

For example, I believe an attorney/broker can't broker a deal and do the legal work on it (however, I would like to see if there is a way I can do that as I want to be more of a "one-stop shop" for my clients).   

Unlike leads you can order online from a generic website, I can guarantee that the leads I pull are fresh (60 days or less), off market, and I use a ranking system to determine which sellers are most motivated based off of factors such as the executor of the property living in a different state and the amount of siblings the house has been inherited by.

As an example, if you have to replace a fridge, even a more economical one around $600, that would eat up a whole year of maintenance.