When financing your new home, get pre-approved for a mortgage before listing, showcasing your financial strength to potential sellers.

Since the LLC has to sell, there is the potential for capital gain taxes, and likely on both houses.

Analyzing a current property listed for 39,500.ARV x .7 - rehab cost= my max offerARV is looking at 60,000.Rehab is looking  around 10,000.70% of ARV is 42,000, minus 10,000 for rehab, equals max offer of 32,000.I do my best to underestimate ARV and under estimate refinance LTV, this could cut into number of deals acquired but reduces risk of over estimating and having money tied up in the property.

It has a strong potential for cash flow.

I kindly ask for 5 minutes of your time to fill out this questionnaire on tenant evictions.Landlords often face risks when leasing properties since the cost of evictions can leave a huge burden on the owner when accounting for legal fees, court costs, financial damages, property damages, and lost rent.

All the tax reporting (and, potentially, legal liability although I'm not an attorney to have a valid opinion) will fall onto the parent LLC then. 

just sold his trailer and his lot for 95k on the market "investor is a potential buyer and somewhat a new mentor but said we should try to get this deal and flip it ourselves!

Takes some time to close, but can potentially get you the best leverage and longest loan terms with a reasonable rate. 

What are the essential metrics and formulas you use to analyze potential deals? 

I would not put my 35K at risk just get.