Big concerns are bankruptcies/repossessions/evictions and crimes against people/property.

If you don’t disclose and the buyer or seller finds out later and decides that you “took advantage of them” because you offered below market value they can file a complaint which could lead to a fine and loss of your license.

In fact, you can check your property's appraised value by simply filing out the questions on their website.

You pay state income tax on where you file, not where you invest. 

Since you have your own business, you need 2 years of filed tax returns to count that towards your debt to income.

They asked for the contact information of the tenants, which they did not have on file.

Hi all, I'm based in the Los Angeles & Orange County, CA area and am interested in flipping homes.I have one quasi-BRRRR deal under my belt.About me:-Former Fortune 50 Commercial Real Estate Banker, specializing in distressed assets (restructuring/modifying notes, pursuing guarantors, foreclosing on assets)-Varying degree of experience in legal remedies (mediation, arbitration, bankruptcy etc.) with inside/outside counsel-$500,000,000+ RE transaction experience from west coast thru the mid-west-USC Business School Alum w/concentration in Real Estate Finance & Development-Licensed REALTOR in CA-Hands-on experience rehabbing real estate (full kitchen rehab, flooring, painting, spraying texture, removing load-bearing walls, bathroom rehab - have pictures from BRRRR project)[QUESTION] What is the proper approach to seeking a local mentor/partner on BP?

I’m in Tulsa Oklahoma but looking for any advice I can get as far as who to use as claim filing attorney / state rules, etc.

I was recommended to a CPA who is charging $500 to file my tax return.Do you think the CPA is charging too much?

(There is nothing filed listing you as member/manager.)