(New computer, power tools) Should we get the license before or after we make the purchase?

On the Bigger Pockets forums, S-Corp appears to be a popular (but not universal) choice for flipping, as an s-corp would help with avoid profits all being taxed as ordinary income (Federal, State, and then an additional 15.3% for both sides of FICA).In my case, tax rate something as follows:INCOME TAX- Federal (up to 36.9k): 15.0%- CA State (up to 39.3k): 8.0%- FICA - both sides of medicare and social security: 15.3%--------- Total Ordinary Income Tax Rate (Fed+State+FICA): 38.3%- Total Dividend Tax Rate (Fed+State): 23.0%I could be calculating this wrong, but for the flip scenario, I'm estimating the numbers as follows (just updated them to reflect new financing terms and flat-fee MLS): - Purchase Price: $14,000.00- ARV: $60,000.00- COST Rehab: $18,000- COST 5 months of holding costs (flip insurance, debt, utilities): $1,727.50- COST Closing costs (flat-fee MLS and marketing/ 3% buyers realtor fees/ county transfer tax/ 2% closing costs): $3,465.00PRE-TAX PROFIT: $21,707.50Applying the above tax table, the post-tax profits appears to be as follows: - No S-Corp total taxes (100% taxed at 38.3%): $8,313.97- With S-Corp total taxes ($1,500 taxed at 38.3%, remaining taxed at 23%): $5,222.23So, assuming my numbers are correct, with an S-Corp, it's a tax-savings of around $3,000.

Otherwise he makes the properties available as needed for licensed trades and inspections.We use tools like Google Drive, Buildium, Chase Quickpay, Camscanner, and lots of photographs to bridge the physical divide and work together remotelyI have to say that the market I work in is the area I originally grew up in, so this was not some maintenance group off the street but someone I had already known for years, but this process is working pretty well.  

I know how to use a few tools!

My name is John Heck and I stumbled upon this website while researching a popular mentor program that was highly debated here.  

@John Horner  I think such a tool would work really well when trying to watch a property over a longer period of time. 

Account Closed I agreeAny seller financing tool out side of wholesaling and traditional financing, you need a lawyer, but not any real estate attorney.Regarding lawyers for seller financing, it's important to have a lawyer but understand start Frank in the Saifei, and understand solar financing in general.

It's very easy to rent in that neighborhood. 1BRs go quickly, they're popular with singles, or couples without a lot of stuff.

This site has so many features and tools!

If you want to buy a 20 unit building in the West Village it's going to cost an arm and a leg because that neighborhood is perennially popular.