And so I always make videos of the possums when I capture them, including giving them funny names.

Simple, but great advice.

Any member of the GP is allowed to raise the funds needed and will be rewarded with additional equity in the GP at the time of acquisition.Trying to write a General Partnership Agreement to capture this offering. 

If you contribute the property into a simple single member LLC that elects to be taxed as a sole proprietor then  the LLC is a disregarded entity as the property will still be reported on your personal tax return where it is reported now.Any entity can do a 1031 exchange. 

If you get any push back, the answer is simple: "Whelp, this is what happens when someone without a mortgage license, and without seeing my personal finances, etc, tries to dictate loan type.

@Mario Morales if you are referencing interior stairs then this is probably a relatively simple and cheap repair that a handyman can make.

too many buyers paying above list, will kills most simple flips.Also, going after MLS properties will further erode you profit and will be competing with 100's of other investors and retail. 

Because I have not determined the best way to address an addition or floorplan modification, I suspect my analysis may “double-capture” portions of some budgeted items (plumbing, electrical, etc.) and be way high.Sorry I don’t have actual pics of the interior, but I will post the county’s floorplan sketches.Subject Property Fast Facts:- Not a registered historic home, just very old.- 1890 Construction; brick (original house) & vinyl-sided (1-story addition) - 3Bed/1Bath; 1 bed and bath downstairs, 2 beds and 1 extra community area upstairs- Originally a 3Bed/0Bath.

Just a few simple messages from a forum has given me so much insight and so much to think about.

That can be a simple lease break document with terms of the lease break.