If you get attorneys and eviction crews involved expect to maybe pay 500 or more with filing fees.

I'm working on setting up a new company now to get involved in the residential flipping space.

I would think private money would be the best direction to go; keep your money in reserve in case you encounter any surprises on the originlal project or in the event another opportunity presents itself prior to finishing the original project; While your involved on in one project, you always have to seek out the next one.

My issue is that I don't want to buy the property for cash and then have my end buyer change her mind and back out leaving me with an unwanted property and no cash.There will be contracts involved for both parties but what specifically should I do to protect myself so that I don't end up getting stuck in the mud.

We bought 1 property for $15,000 and flipped it from top to bottom for a total investment of $43,000 We have also bought several in the price range you are looking at and been able to rent them with very little extra cost involved.

I will definitely keep my eye on the crowdfunding real estate sites, unfortunately I am not yet an accredited investor... hopefully those rules will change in the near future.

But we had some of the issues you noted, small things are big in the eye of an inspector, we had one item I missed entirely, posts for the deck on the house were not bad, but were discolored and getting damaged.

I'm excited to get involved in the Bigger Pockets community, I've been reading through the articles and forums over the past few weeks, there's some great information and resources here!

Who is involved in the 1031 Exchange?

Has anyone heard of them or been involved?