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Having J Scott's flipping book will be a great resource as you work on crossing the flipping house item off your bucket list.When you get the chance, add a profile picture to help better establish connections.

Not knowing the cash down and the LTV prompted me to mention the LLC as more often a seller will allow a partner feeling they still have some control in the deal allowing the partner to "earn" their way in.But, if there is a chance of doing a higher LTV or with cash down, the note and deed of trust is the way to go.

Will they cut me out a check to do the improvements/renovations, I never understood this process.

But the property "hardening" with 100% tile floors, and $20k of capital improvements of new HVACs, new plumbing and new wiring, would push me to $75-80k cash offer.

Low Comps in the area for this kind of home are $90,000 so with those figures I want to offer $43,500 (fat chance of acceptance I think).Do I go through the broker or whomever to submit a bid now?

If the return on the capital tied up in the property was not yielding the required return, estimating and including the appreciation, then out the door it goes.Condition: I didn't want repairs or constant maintenance, the property had to be rentable without much improvement needed, if more improvements were needed, then that work was basically placed at risk in leasing.

What could be done to improve the vacancy of the park?

So .. any chance I could get the house under contract & then assign it to the LLC?

She didn't seem terribly knowledgeable about what she did, and I suspect that it's going to be on me to find out how to rectify the situation if I want any chance of a deal.