Ideally you would have greater success if all the properties were being handled by the same agent or at least by the same bank.

I am neither a tax expert or a financial planner, but I would add one thing to this conversation for us all to think about:  If we're highly motivated, successful investors and entrepreneurs, what are the chances we'll want to wait until 59 1/2 to retire?  

My goal is to have a successful flip by July.

Keith Barton,I said they "CAN" I didn't say they would be successful :)-Steven

So if you are successful down the road you can use the insurance as a strategic investment bucket.

I usually go to the county auditor's website for my area to find the history, sales prices and ect on the property I'm looking at with accuracy and success, but the one thing I can't get a very accurate idea is rental comps.I know the general rental rates are in my area, but how do I best determine them if I don't know what someone down the street is paying, or someone a few blocks over?

No matter what you are interested in there is more than likely some great information and advice on this site as well as some members who have experience and success in that area, so stick around and engage in this community, there is a lot to learn!

=) Good luck, I look forward to hearing about your successes.

The Texas SOS automatically sends the filer this form upon successful registration.If they want proof I have the ability to sign for the LLC, I either provide a resolution or a doc stating so.

A system of either internal audit (frowned upon but legal) or a contract with a qualified third party audit firm to audit the successes and failures of your compliance management system.Achieving this is not difficult nor does it have to be expensive in relation to the size of your operation, but to operate without it opens one up to major fines and prison sentences.