Explain from the get go that your company specializes in lease purchasing.

Finding houses with enough room to flip in HB, NB or any of the beach cities is a tough one.If you happen across any vacant lots for residential, multi family, message me and if it's something that works for us, we'll work something out.

Not to ruffle any feathers here, but in my market it can be tough to find affordable homes.

Unless you elect special tax treatment, the LLC is a pass through entity for taxes.

That sounds like it must have been a tough year, but how great that you owned it outright and didn't have a mortgage gobbling up your profits.So what are you going to do next?

Getting started is the tough part.

Anyone from the North West Suburbs of Chicago and specially from Arlington Heights know a good real estate school they could recommend?

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

BofA are pretty tough to deal with and the condo is so upside down that it is tricky to find a way out!

I've just grown skeptical of the Fannie process so I've moved on to non-Fannie deals.I believe the Fannie deals are going at a premium to account for the special financing terms (lower LTV ratios and ability to finance more properties than the usual Fannie limit).