The work was never done, they never sent proof of the work, and I had to pay another contractor to do the work.

Just joined these forums so hopefully this is in the right thread.I work freelence and W2 work and I want to invest in real estate next year.

Do the work and look at the rents surrounding the property. 

For a long time my feeling has been that the standard 50/50 split between broker representing seller and broker representing buyer was a mismatch in terms of value, work, and results.  

I don't think that's a good idea, you are not getting much of a discount, the property needs a lot of work and you don't have the capital (25% down plus rehab) or the experience to take it on.Most important for your first deal is that you have a good experience and not lose money.

You make the first one work and just repeat the process. 

no more than 10k ever Well, the thing is I can't find a honest plumber to do the quality work, and that's the main issue. 

@Ye Tun AungTypically, formation of a business entity is in the realm of attorney work, and though some CPAs will handle it, it probably falls under the "unauthorized practice of law," at least in CA, which carries possible heavy penalties with it. 

Hey guys, I needed some advice on new construction here in NJ.Me & my wife want to purchase a second home as our primary home but prices on houses are super over priced and just not worth it especially with inventory being so low & the market just all twisted.My thought was to maybe pick the town I want to live in and potentially see if I can get vacant land to build on obviously.I wonder if maybe it will cheaper to do this strategy instead of getting a loan for 600-700K home that still needs work and I’m not happy about it..thoughts?

They require work and often have risks 3) alternative rent models such as STR, MTR, rent by room.