Make sure that the market there makes sense for your goals to invest.

When you do your financial due diligence, you look at the property's financial records, leases, contracts, and other related papers.

"Trust but verify" should be applied to every facet of investing and business.

If you have cash, maybe you can even partner with them and learn at the same time.And, lastly, a lot of real estate agents, but not all, have dabbled in real estate investing.  

I noticed your post was in the out-of-state investing forum, are you remotely investing?

Like with any RE investment a thousand things could go wrong.

Assess the application and approval process: Lenders with streamlined processes, like same-day approvals offered by California Hard Money Direct, can be advantageous for new flippers.Remember, the "best" lender will depend on your specific circumstances, including your location, the property you're looking to flip, and your financial situation.

However, the LLC will need to chip-in financially to help complete this renovation.My general question is what items should the LLC cover and which should my father cover for best tax benefits?  

Curious exactly how does DTI come into play when buying a non owner occupied investment property with conventional mortgages.

I have always been very interested in investment properties and I aim to be a great partner for any investor who wants to do business in The Hudson Valley.