Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flipping homes (primary residence) in the past and is aware there is a limit on capital gains tax for profits under $250k.

I haven't found many by searching so hopefully someone has these keywords set up!

In the process, we did incur expenses for travel to our target city to view properties, inspection fees, and legal fees for setting up our LLC. 

The LLC has to be willing to sell the property to you (or rather the entity that we set up to do the reverse exchange).

Negotiating the price down allowed me to have instant equity and allowed me to set my self up in the future to scale up again, whether it is buying a package of single families or a multifamily.

setting up the finances or advice on operations and methods?

I finally decided today was the day to set up a profile and have a look around :) If you're in the area and open to connecting, HMU!

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

This is an average condition house for the neighborhood and area.I have set my screening requirements as:600-650+ credit score3 times monthly rentNo evictions, violent, or sex crimes6+ months of job historySome form rental references.I have an applicant who meets all requirements except I am unsure if he will have rental references because he told me he's couch surfing right now.  

I am tackling under 100k properties to test the market and limit my risk before tackling more expensive properties.