Previous assessments on the property's came in at $430K and $440K.I am not sure where my Seller got his numbers from as far as $430k and $440K.The actual assessments according to the tax records are $237,800.00 and $242,000.00.The Seller wants 650K for both properties combined.

We used American Modern Select Insurance Company (1-800-543-2644, 866-709-8738) a couple of times...expensive but easy.

You should be able to, at minimum, build $50,000 equity fairly easily after repairs are done, combined with the record low interest rates and tax benefits its a no brainer.

They use a combination of days on market, offer amount, property condition, and buyer type (OO vs investor).

Or any combination of the above.

I think it is a combination of fear, laziness, and complacency.

Property 1 ARV $54K (lowend) Property 2 ARV $65K (lowend) ---- Combined repairs $12K (DIY).

If you answer yes, then sell, rent a bachelor pad (small) and use the capital combined with either a hard money loan or private funds and flip where it makes sense.Know the market conditions of the area you are looking in like the back of your hand.

Also the property is very close to an expensive private college and I think a few large 2 bed 2 bath units (combined 1 bd 1 ba) will make a killing as they would be the only ones of that type in the neighborhood.Also im looking to owner occupy as well so I would like to have access to lower rates available for a 1-4 unit property.As an aside, I know rule #1 is not to get emotionally attached to a deal. this house is perfect though as it has a large parking area and 3 car garage in the heart of a dense turn of the century area, quite hard to find in the city here.

Membership in an entity or combination of entities will not protect you from your personal actions.As I said before, confirm this with your own attorney.