I would think that a small negative cash flow margin would be acceptable due to the much larger equity gains you are receiving (compared to a 100k property that has good positive cash flow).I would love to know your thoughts.

I know there is a lot of knowledge and wisdom to be gained by such a great community, so I was hoping to get some advice on a current deal I'm in contract with.

We're actually losing a bit overall, but considering the wealth of knowledge gained, I'd say it's worth the small price.

Researching the feasibility / legality of doing lease options and rent-to-own in Indiana.Any suggestions as to where to start?

I am interested in flips and rentals only because I am not familiar with other strategies at this time,  as I continue to learn and gain confidence in what I am doing other strategies will be considered.

Hi Everyone,                        I was wondering if the following clause is legal in Florida?

They are legally supposed to disclose what they (apparently) know.Why would you be in favor of their continuing to flout the law and hurt consumers?

I figured that would be the best way to gain valuable experience. 

I'm ready to pay cash, rehab it and get renters in.......my main question....Should I first form an LLC and should i hire an attorney or use a service such as legal zoom?

This would also be the preferred method if they paid less than $200k for the property as all those gains are tax free now but will be taxable after 2 years as a rental.