I know you and your partner will benefit greatly from the tools and the knowledge and the support you will find.

Essentially when you are purchasing a property to flip; you are (presumably) purchasing that property at a discount, so that after your repairs (known as ARV - After Repair Value); the property will appraise for more than your: cost to purchase the property + cost to rehab the property.In numerical terms, say in an area, the median home is selling for $550k and you can get a property for $280k + $125k in rehab and holding costs (insurance, escrow funds, agent commissions, etc), that will = $405k that you've paid out of pocket.

I am wondering if there are any benefits of setting up realestate as a LLP or a corporation over not.

We want my Mother listed as an owner and I am not sure if listing me as an owner will be a benefit when she passes or not.

If you are going to get a note on an out-of-state property, why not just buy an out-of-state property and get the same returns plus the over-so-passive tax benefits (cash in your pocket) and equity build?

Anybody know what the limitations/benefits are of a vendor like this?

I am fortunate in that I break even on expenses and debt coverage with only 3 units occupied - this 4th rent is essentially my monthly cash flow.Also, and related, am I being impatient with my property manager?

Did not see that one coming.And now the work has already started--and is essentially done since the roofers worked all day today--and I'm not sure how to proceed.  

If you are confident in the area and the market maybe then this will benefit you.

With 100K you could purchase and rehab a couple of properties simultaneously, as this is the benefit of hard money financing.