I will be looking for houses that I know will produce great cash flow, and I’ll need help finding these houses.

.- Another BP member advised against holding passive income producers in a C-corp based on tax issues related to C-corps paying higher taxes on passive income... - I have also heard that in the given scenario, taking all of the profit from the Corp in the form of a salary would be frowned upon by the IRS... basically, a corp with income based on assets rather than production should have a low percentage of profit paid as salary...Thoughts?

So a 5% mortgage produces 5% return now I like this idea better.

House flipping is back, and the Tucson market is being touted as prime for the practice.The stabilization of home prices last year piqued the interest of A&E TV's "Flip This House" producers, who will be in Tucson next week to recruit flippers.Than Merrill, the show's star and co-founder of real estate investment company Fortune Builders, said Tucson is one of several markets with "potential for a big comeback.""

I like risks, learning, innovating.

but I ensure that anything I buy produces significant positive cashflow that contributes toward paying off the debt.Anyways - thanks for introducing yourself.

The high efficiency furnaces cost more and produce water that needs to be dealt with.

If the buyer or applicant in your case does not want to produce it, that is their right too, of course they would be informed that their application would be denied based on that failure to provide documentation.Also, you wil want to make sure that you ask for the same things for all applicants.

I've been out here reading and learning when I can for about a year now.My wife and I purchased our first rental 4 years ago, then we bought a second one 2.5 years ago.We're just off the heals of a successful "flip" in Nov. 2012.

So that would produce a high IRR.For you, it seems like you have some cash and can be really creative.