There are many many threads on here on how friendships were destroyed and families torn apart all over dirty pieces of green paper !

It may make more sense to be a lender to other flippers or invest in rental properties - both of which create passive (non taxed) earning in an IRA.

It just may not be feasible or wise to spend the time to create a database, maintain contact with owners, lenders and prospective buyers when there are few transactions).Conversely, available product is scarce in major markets, and as a result, a MHRV broker in a nearby state likely knows many eager qualified buyers.In large markets, I think posting a listing on Loopnet or other listing sites can be the kiss of death for a good quality/easily financeable property – before you know it, tenants and employees are alerted, and you have a bunch of worried employees and tenants on your hands.

Find a way to create another bedroom that pumps out income.

But after the sale you can reassign the beneficiary to your LLC without having to create a new deed and pay new registration and transfer stamps or taxes.

The new owner will be held accountable for creating a final report on return (or retention) of the security deposit when the tenant moves out (whether or not they received the security deposit funds at the time of sale.) 

Hi BP,I am curious, I just recently created a new LLC and never used a LLC to purchase a home before.

I am looking forward to finishing it soon and doing the REFI so see how much equity I have created! 

So just wait until you find the right market/propertyWhether to create an LLC is a more complex question.

Wealthy to me is creating something of value.