I second and third the idea to speak with a good real estate attorney.

I too have more than a few of the gray hairs that all cash speaks of.

I wouldn't have a problem with any product other that negative amortization that keeps my payments low.

When you are looking at profit, do you mean pre-tax, or after-tax positive cash flow.A house I am looking at now is negative cash flow before taxes, but positive cash flow after taxes.

The number of out of state investors buying second home or investment home in Texas specially in these cities have increased rapidly.The research was very extensive, but the result speaks loudly of great business in Texas.

They may let the LLC "have" it with you personally as a co-signer but that almost certainly negates the legal liability protection outlined above.

A lot of it is special order/limited supplier/make it yourself.I hate to sound so negative ... so I'll add one caveat ... in agreement with dcg123.

But if 'no-work' goes along with 'negative return' - its not attractive.Supposedly these have been selling for over 200,000 lately and this is a 'motivated seller' situation.At what price do these numbers 'make sense'?

I was kind of torn on Richard Davis, he was funny and creative but I think he put out a bit of a negative vibe regarding flippers.

ALL feedback welcome, posative / negative... i'm willing to take any opinions you folks have.