There's a good chapter on setting up your balance sheet for fix and flips.I hope that helps!

That’s such an exciting step, congrats on setting up your LLC!

If you knew it was gonna take time to get the repairman and the parts in, have a convo with the tenants earlier on.

I'm sure he could give you some pointers on setting up a business and creative ways to save money.

I have done my research on setting up the proper entity structure in the US and Canada but I really confused about all the options available LP, LLP, C-corp, S-corp.

Quote from @BreAna Missick: That’s a great start—congrats on setting up your LLC!

Hey Matthew, good question and smart thinking on setting this up as a future rental.Personally, I’d use cash for the down payment and keep the HELOC as a reserve.

Hey Sarah — welcome to the REI world, and congrats on setting such a clear goal while balancing so much already!

My name is Shanai Rogers and I am currently starting to do the research on setting up mid term rentals in the Las Vegas area.

And a year later they are still networking.Seems to me you can get stuck in networking, just like some noobies get hung up on setting up an LLC, designing a logo and a website: it gives them the illusion that they are "working" on building something, but they are not.Once you start doing deals, it gives networking a purpose.