.$125,000 is a healthy amount of income to be earned in the flipping business and there should be some self-employment tax saving opportunities by forming an entity to be taxed as an S-corp

An investment in the S&P 500 20 years ago is giving a very healthy return today.

I will need to use hard money for the first few flips which requires about 20% skin in the game.Thanks for your input!

Different way to skin a cat ......

I had enough of a gain and principal paydown on that one to use for a healthy downpayment on three new properties. 

I know for my company personally we need a min of 20% skin in the game but that is also because we do not need income docs and our debt coverage requirements are low (1.0-1.10 for multifamily) so that may have something to do with it. 

I'm going to not bore everyone with the details, but needless to say, all my numbers presented below are backed up with information.I know one problem right off the bat is I might not have enough skin in the game for his liking.Purchase Price: Not to exceed $275,000 at public auctionRehab Cost: estimated up to $20,000Estimated rehab time: 1 month light rehabAfter Repair Value: $410,000Exit Strategy: Sell to a retail buyer.Estimated total time of collaboration: Not to exceed 6 months.Security Instruments: Free and clear of all loans.

Additionally now one of the other tenants is complaining about a skin condition that she believes is developing from the cat (showed us a picture of a rash appearing on her face)I guess my question is, do we have any course of action here in terms of removing the pet.

I want to see skin in the game from the buyer.

Not looking from the legal aspect but to see if any of these people have more skin in the game than just a  renter...