You just have to monitor them on a regular basis.

It will save you money.If the LLC is the owner of the property, then the LLC will receive the rents and it will be rental income, which will save you on the SE tax and you will have the flexibility to pass out the cash as distributions that are not taxable.The S-corp cannot pass out distributions greater that basis, but the LLC can which is a plus for LLC.The LLC has SE tax for income that is not RE income but the S-corp does not which is a plus for the S-corp.It seems that if the company is the owner of the property, then you will want to be an LLC and you will be the member-manager of that LLC.

Sadly, its happening every day.

Putting in offers that have at least 70% equity after repair ---> lesson is that you need to be very good at determining what needs to be done and how much it costs to do it.Summary is that to those that are just starting out to be wholesalers - it is a lot of work, every day, and you must yourself be an "expert" in ARV & Estimating.Let me add one more key point - that 70% ARV she mentioned is AFTER her fee (that i an assumption though).

It only throws off 4.8% on a cash on cash basis.

Do like 10 a day on a consistent basis and it will turn up some nice deals.I recommend you look into 4 unit properties to start off.

Check it once or twice everyday and review all the new listings in your MLS area.

Is there a significant benefit to having a license and flipping even though I wouldn't be a normal everyday agent?

My wife and sister-in-law inherited a home when their mother passed away.The home has been on the market for about a month in a "as is" basis,with no viable offers to this point.I am making cosmetic repairs and have estimates for the larger issues,roof and plaster.My choice is to pull it off the market,make all repairs,paint,carpet,so on,and put it back at a higher price,I would have to get a loan on its equity(it is paid off)to pay for this.My other thought was to try and get as much equity out as allowed,pay off the sister-in-law,take our share and pay some bills off,then rent the house out.Iam kind of going in circles thinking which way to go and would appreciate your thoughts on what options are the most profitable,thanks.

Learning more and more every day.