Not sure how you cashflow with Proper, it’s just not proper. 

Hey @Katherine Lewis, I have always felt this was a tougher row to hoe overall.It's not that it couldn't work, but the juice might not be worth the squeeze.If you go all in you have to do it for the long haul.

OOS BRRRs are the devil's juice on this forum, but if you set yourself up properly with contracts, etc., you will come out on top just take a bit longer so you need to underwrite that in mind.If the former, I would do a combination of fixed income, private lending, and note buying and trade the arb.

Like Jake Baker suggested, keep good records and have a dedicated bank account for your property, properly separating personal and business expenses.

Theres so many problems, this is a team deal scenario and one needs rules;  never take a contract less then 7 days prior to the auction, and NEVER NEVER N E V E R close allowing the seller to stay in the house after closing. 

At some point, the juice isn't worth the squeeze for us and we just want to enjoy life. 

Trying to figure out if the juice is worth the squeeze. 

There is a safety and follow up piece to have the proper information.

I recommend that you engage with a real estate accountant to ensure you set everything up properly. 

Quote from @Jesus E Martinez: Quote from @Jaycee Greene: Quote from @Jesus E Martinez: Investment Info:Single-family residence fix & flip investment.