It has been suggested to me that good leads are obtained using Flip Comp and I'm not sure my dollars are being spent in the best place to generate leads. 

I'd suggest downloading the BP real estate podcast on your iPhone or android.

Hey Alfredo,First off, I am not a CPA nor attorney and I would suggest you speak to one.There are people who use different entities and prefer one over the other.

@Rick Price If you planning a partnership, I suggest you read this post (and my contribution there): taking-on-partner-s-and-limiting-our-liabilites. 

However, I do have a suggestion.  

Any savvy experienced investor could suggest solutions I might have not thought about ?

As a new investor and also being remote, I would highly suggest staying away from this investment.

View report Trying to hammer out the numbers for my first deal, please let me know if I am forgetting anything or any suggestions!

simply do not take anyone's word for this landlock situation.. open escrow get a title commitment and see it it is actually landlocked.. if it is your remedy in the real world. is1. getting a neighbor to grant you the proper easement you will need.2. confirm from the city or county that you can access the property from this new easement..despite common statements folks will make that no property can be landlocked.. and there are remedies this simply is not true.. properties can be landlocked... owners do it to themselves.. not common but it does happen.As for the old house.. sometimes if there is no lead or asbestos fire department will burn them down as an exercise.. ( sometimes)biggest issue in many markets now is the lead paint and Asbestos remediation during the demo.. some areas they don't car.

@Don Van Nguyen I would just suggest between the two, go with DFW because it is where you live unless you plan on moving.