I thought about it, but ehhh, i wanted to stick to traditional.

I am finally say enough with the snow and want to move to some where warm and safe for family to reside.I need your recommendation on Real estate at those place and Pro and cons.

The previous liens total about $15K, which she is trying to quitclaim to end owner in order to sell for about $10K - $18K.I've done traditional wholesale assignment deals, but I'm trying to see if there is anything in this deal to continue working with owner.  

They usually don’t cash flow if you have leverage on them and rent them out as traditional rentals.B - Middle class (average people) live in these neighborhoods and they can cash flow a little if there is enough of a down payment and you will probably experience some regular appreciation.C - Lower income, but good hard-working people, live in these homes or neighborhoods.

When I read all the post like that I wonder how come no one wants to do the traditional method.Get EducatedGet a Job (work as much OT as you can, get side jobs, hustle as much as you can for a dollar)Save moneyBuy a propertyThis is how I started when I was 23 years oldI will start my own acronym:WRBR:Work, Save, Buy, RepeatThere is no easy way!

Creative financing doent work with traditional lending, so you need verifiable income to use and FHA or other conventional method of purchase.

That means you establish a Traditional LLC to carry out the operations of your investments, in order to separate the liability from your assets, including: paying property management, paying contractors, collecting rent, marketing, etc.

I am new to BP but have found the BP tools beneficial over my traditional Excel approach.

And make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance   a) Property Hazard Insurance (0.3-0.45%)   b) Flood Insurance   c) Earthquake Insurance   d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)   a) Water § Sewer § Garbage   b) Electricity   c) Natural Gas   d) Propane9) General Maintenance (usually 5%)   a) Upkeep § Landscaping   b) Snow removal   c) Repairs   d) New Appliances   e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...  

Fix & Flips - much of the time it is best to operate from a Series LLC (or a traditional LLC for smaller operations) for the fix and flips, then use an operations LLC [a traditional LLC] to conduct your activities.