Good evening everyone, my business partner and I are currently working on our accountability in writing as well as some careful planning with the structure of our LLC.

Good evening everyone, my business partner and I are currently working on our accountability in writing as well as some careful planning with the structure of our LLC.

I would be careful with just multiplying ARV by .7.

Just because your Dad is cash broke he can take care of the owner's cash needs is to create a 2nd loan for it. 

The investor that gets this only wants to know whats in it for them, they don't care about just helping you learn (I mean that less harsh than it sounds, they just don't have time to help everyone who reaches out to them), they want to know what they're getting out of the deal.

Just be careful in Huntly to avoid anything built over the mines.I've bought homes in areas like Puke and surrounding suburbs you may find something cashflow neutral out there as well.Each to his own but I think small town investing is risky.

Regional Carpet Care... was originally recommended to me by a janitorial company.

I would be careful on posting this on an Internet forum.

Take care,-John

Another way I will support purchasing SFH's is to have a General Contractor that lives where you are buying out of state and you feel they are trustworthy, experienced and communicates well.Be careful when paying for work done except for maybe an upfront fee for materials.