Personally if you are going for 4 flips in a year, try and find 1 or 2 good HMLs while you are searching for private money lenders who will give better terms - they will allow you the flexibility to make all cash offers which will be more attractive to sellers.Access to capital will be key as you grow so establishing relationships with the HMLs for your first few deals may help you a year or two down the road when you are finding multiple deals at once and need more capital.

These are all people I know and had a prior relationship with.

I join the line of Newbies to the RE investing business, and am really looking forward to build some strong relationships with you - my peers.

Can anyone speak to the effectiveness/value in the online LLC creation websites out there (ie LegalZoom)?

I will make sure to vet him before I agree to enter into a relationship with him.

If so, how much of an effect would tax brackets and potential dividend extraction taxes have as opposed to simply being taxed on my share of the profits generated under a partnership?

I don't think I could select one book that drastically changed my life, but there have been simple passages or even a few words in many books that have had a profound effect on me.

Am looking for more cost effective system to bring down trash cost.

I've been reading the laws governing the tennant/LL relationship and it seems to me that the most sticky topic is surrounding security deposits.

Deep discounts to market value are possible, but, in our experience, rare {most markets in Canada are small enough that inventory levels are moderate and there is no need to dump the property}.Lenders - particularly the Big 5 banks - tend to prefer Power of Sale as it's more cost effective for them: No/less legal expense; they do not need to maintain the property while it is for sale; the owner/borrow is motivated to get the best price possible for the property (and not to trash it); and, if the property sells for less than the note, the borrow is still on the hook for the balance.