How I Analyze a Potential Flip PropertyStep 1: SpreadsheetThe first thing I did before I ever flipped a house was to create my spreadsheet.

Either way you either find or create a demand.As for survey and stuff thats basically a waste of money until you are dead set on what you are going to do.

After hearing that my 90-year-old grandfather, who now relies on a motor scooter most days to get around, just returned from a trip to obtain continuing education in order to his civil engineering license active, I realized how silly the excuses we create for ourselves truly are...If he still has that kind of fire at 90, how much should I have today in my 20's!

If you create an LLC, you will need a business account.

I agree with @Mike Dorneman & @Matthew Paul I also do the prescreen telephone interview and only setup a showing when they meet the prescreen criteria of adequate income, no prior evictions, referrals, no smokers and no pets (in my case).

I haven't created one for next month yet, because I have a contract on the house we were meeting at.

What new obligations does trading create?

So I’ve decided to create an LLC where I would be a 25% partner with my sister and she could by me out as in the future through monthly rents or when she inherits more property in the future.

Seems like an artificial way to make a market and create money. 

It may seem crazy now to set a goal of $60k or even $80k a year, but I can tell you that as your family grows, you will be thankful to have that extra to do exactly what you mentioned - created freedom.