I had an issue with a building that had a particular tenant trying to create a lawsuit for the previous management company, that carried onto our acquisition.

However, I do carry a license as it helps with my credibility in my own wholesaling business.

Hi BPMs, I'm sure many California investors carry their buy and hold business out-state simply because it does not make a lot of sense to do in CA, but as Flipper's perspective, is LA or any other market in CA still has the top flipping profit numbers in the US?

The National Association of Realtors states that the average Flip takes 6 months and grosses $64,000 (before accounting for rehab costs, carrying costs, cost of sales and so on) with the average net of $15,000.

Your new basis is the old basis carried forward plus any additions or subtractions. 

Sorry, got carried away ;-)Watch Brandon Turner's vieo on LLC on YouTube, you will better understand the pros and cons.

If you want me to carry financing back, I will care a lot who or what the buyer is.

What was the downside of trying for the 1031 exchange but having the carry-over loses as a back-up plan?

My numbers would look a little like this:Purchase: $161,851 , Rehab: $30,000 , Contingency: $3,000 , Carrying: $3,024 = $197,875 TOTAL EXPENSESMinimum ARV must be: TOTAL EXPENSES of $197,875 plus 30% MARK UP = $257,238.

Along with the waterfall, clawbacks, carried interest splits, ect......Specifically, in the Articles of Operations?