For instance, what is the best type of for profit/not for profit charter I can use that will serve the most benefits?

You should have a profit at the beginning when you get an option premium (downpayment) and some cash flow while you hold the property.

I Read the "Probate Profit Machine" by Scott Riser and am starting a campaign this week, sending out about 100 letters to the recent probate cases.

Only work on transactions whereby you believe that all participants are profitted.

So basically if I can invest in LA, I would have but at this moment there is just no way I am going to take on such a big gamble on a slowing market.

I posted this under the rehab section - though I might get more play here...Short version of my question :After much research I believe it would be relatively easy to consistantly turn houses for a quick $10-12k net profit...on a 90 day average turn.

If not, I wouldnt have an issue hiring one, so as long as Im not operating at a loss (of course).However the reality, so I have been told, is that it would take a long time to make any real equity or other profit from a rental unit, and thus, would make it hard to purchase additional property in the short term future.

That said be cautious and do not jump into a deal unless your certain that you will profit.

I need this to be profitable enough to sell to another investor and quickly.

For a $60,000 profit, I would hope to sell the contract for $20,000.