I’m in the process to purchase my first flip house and I want to ask for guidance on how to setup a business or required agreements that are needed for distributed profits.I am the investor for the property, then I have an agent (flip hunter) and a contractor.  

The lease for the tenants who live in the top unit is over at the end of September and I am currently in the process of finding new tenants for the top unit.I have one potential new tenant (PNT) who is local and requesting to see the unit in person and a second PNT who is working in Seattle for the summer.

It depends on if IRS considers you an investor or trader. they look at different factors, I pulled court cases where they looked at these:(1) the taxpayer's investment intent; (2) the nature of the income to be derived from the activity; and (3) the frequency, extent, and regularity of the taxpayer's securities transactions (Kay; Mayer; and Moller)  A taxpayer is a securities trader only when both of the following are true: (1) the taxpayer's trading activity is substantial; and (2) the taxpayer seeks to profit from short-term swings in the daily market movement, rather than to profit from the long-term holding of investments. 

Once you have a good team on the ground, the actual process of buying a property is relatively easy. 

This process takes longer to get momentum on the investment side. 

Growing from 2-4units to larger building is natural progress, i don't thing is "biting off more than I can chew?"

I recommend working with an investor-friendly brokerage that can help you throughout the entire process of purchasing, renovating, renting and managing your rental property.

I'm going thru the credentialing process and they're currently asking me what Fair Credit reporting act (FCRA) system I will be using for decision making.

Hey Everyone,We're looking for a short-term loan document to outline the terms of a private loan.Without going into too many details, we are in the process of acquiring a new MFH rental property and borrowed about $60,000 from family to be repaid over 10 years with 3% interest.

Had to listen to it 4 times since there is a lot to process there.