It has been suggested to me that good leads are obtained using Flip Comp and I'm not sure my dollars are being spent in the best place to generate leads. 

I've got excellent credit, a flip, and 4 rental units (in the past three years). 

I've got excellent credit, a flip, and 4 rental units (in the past three years). 

What is the best legal entity to use when flipping houses?

We plan on doing flips and rentals as the time goes on and if things go well.For one, we plan to split things 50/50 at this time.  

 Not to beat a dead horse but I’ve had some replies to my former discussion, which indicates to me that in my quest to find my first flip property, not counting the last two houses over the last 4 1/2 years that I have successfully turned over for a profit using 2 30-year conventional loans, I can actually purchase a property using my S Corp.The only problem is,  I would need to live in the property that I am fixing up, as I currently do not have a permanent home-base.

When you do a BRRRR deal of Flip there are 4 distinct areas of costs.  

Looking to flip.

Wanting to flip.

Most of these guys were also flipping  building rehabbing etc.. wholesaling was a big part.