Hold.Is it possible to partner with a developer and have them build something new and then we split up the sale profit?

But we all have to be aware of the big things, like tax implications, estate and legacy planning, grooming the next generation, etc. 

I’ve never been in a multiple offer situation and am not sure how to maximize the profits.

Because the loan payment stays constant, the house will become more profitable over time even though expenses and rent increase at the same rate.

passed own through the generations..  

It has been suggested to me that good leads are obtained using Flip Comp and I'm not sure my dollars are being spent in the best place to generate leads. 

Also if you run other businesses, a different structure might be more helpful.Currently, seeing that the corporate tax rate was lowered significantly, depending on how much profit you want to reinvest in the business, an actual corporation may have some benefits as well.I'll say that generally an S-Corp would be the way to go, but there may be situations that make a corporation tempting.Be sure to work with a CPA that knows your specific situation.

If you focus on profits you are far ahead of the game.

-I hope to make profit off of the appreciation, holding for 6-8 years.

 Not to beat a dead horse but I’ve had some replies to my former discussion, which indicates to me that in my quest to find my first flip property, not counting the last two houses over the last 4 1/2 years that I have successfully turned over for a profit using 2 30-year conventional loans, I can actually purchase a property using my S Corp.The only problem is,  I would need to live in the property that I am fixing up, as I currently do not have a permanent home-base.