Even if some will allow it, they will have a short closing time which may de facto eliminate your ability to finance.

Repositioning is great, but don't fall in love with your ability to increase things too much.

An S-Corp is the prefered entity to flip from due to the ability to record a large portion of income via dividends which is taxed at a much lower rate.As Bryan stated, you can also use a single member LLC taxed as an S-Corp.If you have multiple deals going at once as I often do, simply record a lien against the properties to reduce/eliminate equity positions and help avoid legal actions attempting to get your equity.

I guess it depends on your ability to get good tenants.

My general rule of thumb on major foundation work:If the work is visibly obvious to the buyer, it will impact your ability to sell at market price.

Ms Frizzle This seems to be the big majority of advice going around when I look to invest, or it's the polar opposite and it's only secure "sure things" take your little bit and be happy.I'm sure both ways work for individuals given where they are in life and ability to handle risk.

Do you have the ability to raise rents?

So I had lunch today with a local real estate investor and he told me he felt discouraged that property management companies he had interviewed were so focused on occupancy and not focused on pro-active preventive maintenance.Example:  a damaged door, waiting for the thing to break so it can be a "billable event" instead of squaring up the frame, tightening a hinge, lubricating the doornob, whatever.  

The easiest way to to have them self pre-screen with qualifications such as income (3 x rent), no foreclosure, and ability to provide reference.  

The ability to interpret regulatory law, secondary law, and regulations is critical to staying out of trouble.The whole point to this post is to further demonstrate the dangers of accepting amateur advice on how to avoid all these new laws.